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MC algo 6-35 Effective Annual Interest Rate A bond with a coupon rate of 5.21 percent and semiannual coupon payments matures in 13 years. The

MC algo 6-35 Effective Annual Interest Rate A bond with a coupon rate of 5.21 percent and semiannual coupon payments matures in 13 years. The YTM is 6.40 percent. What is the effective annual yield? Multiple Choice 6.40% 5.28% 6.50% 6.76% 5.21%

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