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Determine if the following statement is true or false and explain your answer: If the yield-to-maturity on a bond is 5%, then the effec- tive

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Determine if the following statement is true or false and explain your answer: If the yield-to-maturity on a bond is 5%, then the effec- tive annual rate (EAR) on the cash flows associated with the bond is also 5%

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