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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 $

For a certain bond that pays annual coupons, it has been determined that the amount of premium amortized in the

5

th payment is $

3.18

and the amount of premium amortized in the

12

th payment is $

4.33 .

Determine the bond's annual effective yield.

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