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Stanley Hart invested in a municipal bond that promised an annual yield of 8.6 percent. The bond pays coupons twice a year. What is the

Stanley Hart invested in a municipal bond that promised an annual yield of 8.6 percent. The bond pays coupons twice a year. What is the effective annual yield (EAY) on this investment? (Round percentage to two decimal places) 13.40% 5.95% 3.52 79

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