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Dee and Charlie both buy bonds issued by Dave & Busters Inc. The bonds have the same face value, maturity, coupon rate, and yield to

Dee and Charlie both buy bonds issued by Dave & Busters Inc. The bonds have the same face value, maturity, coupon rate, and yield to maturity. However, Dee's bond pays coupons semi-annually while Charlie's bond pays coupons annually. Which bond earns a higher effective annual yield? Dee's bonds Charlie's bonds The bonds yield equivalent returns

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