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Eagle Industries' bonds have a 10-year maturity and a 7.90% coupon paid semiannually. They sell at their $1.000 par value, and are not calable. What

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Eagle Industries' bonds have a 10-year maturity and a 7.90% coupon paid semiannually. They sell at their $1.000 par value, and are not calable. What is the effective annual rate (EFF) for these bonds? Recall that EFF%-11. Nominal Rateo-1

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