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The market price of a semi-annual pay bond is $951.97. It has 11.00 years to maturity and a coupon rate of 8.00%. Par value is

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The market price of a semi-annual pay bond is $951.97. It has 11.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the effective annual yield? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434\%, \% sign required. Will accept decimal format rounded to 6 decimal places (ex:0.092434) )

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