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Suppose a 15-year bond, $1,000 bind with a 7% coupon rate and semi-annual coupons is trading for a price of $1,065.96. Part A What is

Suppose a 15-year bond, $1,000 bind with a 7% coupon rate and semi-annual coupons is trading for a price of $1,065.96.

Part A

What is the bonds yield to maturity (expressed as an APR with semi-annual compounding?

Part B

What is the effective annual rate?

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