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Consider a 5%, 1-year maturity bond with a price of $957. What is the EAR (effective annual rate) of this bond? Answer in decimal form

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Consider a 5%, 1-year maturity bond with a price of $957. What is the EAR (effective annual rate) of this bond? Answer in decimal form and accurate to the nearest 4 decimal places (e.g., 0.0876)

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