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Consider a 30-year bond with a current price of $1.515.95 with a coupon rate of 14.00%. What is the effective annual cost (EAY) of this

Consider a 30-year bond with a current price of $1.515.95 with a coupon rate of 14.00%. What is the effective annual cost (EAY) of this bond? 9.20% 9.57% 4.50% 8.74% 10.49%

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