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Consider a 20-year bond with a current price of $1.494.82. Its coupon rate is 13.00%. What is the effective annual yield (EAYI of this bond?

Consider a 20-year bond with a current price of $1.494.82. Its coupon rate is 13.00%. What is the effective annual yield (EAYI of this bond? 8.81%6 7.75%6 9.14% 8.1696 4.0096

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