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Bourdon Software has 6.7 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 105

Bourdon Software has 6.7 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 105 percent of par.

What is the effective annual yield? (round 2 decimal places)

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Financial And Managerial Accounting For MBAs

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