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For a certain bond that pays annual coupons, it has been determined that the amount of premium amortized in the 5 th payment is $6.37

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For a certain bond that pays annual coupons, it has been determined that the amount of premium amortized in the 5 th payment is $6.37 and the amount of premium amortized in the 12 th payment is $8.67. Determine the bond's annual effective yleld, Give your answer to two decimal places. yield = %

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