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Determine the annual yield rate compounded semi-annually using the method of averages. Face Value Redeemable at: Bond Interest Years to Redemption Purchase Price 7000 98

Determine the annual yield rate compounded semi-annually using the method of averages.

Face Value	Redeemable at:	Bond Interest	Years to Redemption	Purchase Price
7000	98	j2j2 = 10%	8	6650

Answer: j2 =

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