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Consider a 1 0 - year semiannual coupon bond. which pays 1 0 % coupon. It is priced at 1 0 2 per 1 0

Consider a

10 -

year semiannual coupon bond. which pays

10 %

coupon. It is priced at

102

per

100

of par value.

Compute the effective annual yield.

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