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Mayflower, Inc. has some 7% semi-annual coupon bonds on the market selling at $1,012. The bonds have 9 years left to maturity. What is the

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Mayflower, Inc. has some 7% semi-annual coupon bonds on the market selling at $1,012. The bonds have 9 years left to maturity. What is the effective annual yield on these bonds? Select one: a. 6.82% b. 6.91% c. 6.94% I d. 7.04% e. None of the above. Clear my choice

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