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Stanley Hart invested in a state government bond that promised an annual yield of 6.7 percent. The bond pays coupons twice a year. What is

Stanley Hart invested in a state government bond that promised an annual yield of 6.7 percent. The bond pays coupons twice a year. What is the effective annual yield on this investment?

	a.	6.81%
	b.	3.35%
	c.	9.4%
	d.	8.5%.
	e.	6.70%

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