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Sharon Lee is planning to buy 10 -year zero coupon bonds issued by the U.S. Treasury. If these bonds have a face value of $1,000

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Sharon Lee is planning to buy 10 -year zero coupon bonds issued by the U.S. Treasury. If these bonds have a face value of $1,000 and are currently selling at $404.60, what is the effective annual yield? Assume that interest compounds semiannually on similar coupon paying bonds. (Round intermedlate colculations to 5 decimal ploces, e.g. 1.25145 and final answer to 2 decimal places, eg. 15.25\%) Effective Annual Yield

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