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Determine both the yield-to-maturity and the effective annual tield for a 2.50%(lpayable semi-annual) agency note that matures in three years and is priced at 101.0

Determine both the yield-to-maturity and the effective annual tield for a 2.50%(lpayable semi-annual) agency note that matures in three years and is priced at 101.0 per $100 par. Is the note selling at a premium or discount? Why?

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