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Consider a 5%,1-year maturity bond with a price of $961. What is the EAR (effective annual rate) of this bond? Answer in decimal form and

Consider a 5%,1-year maturity bond with a price of $961. What is the EAR (effective annual rate) of this bond? Answer in decimal form and accurate lo the nearest 4 decimal nlaces (e.g. 0.0876)

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