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The market price of a semi-annual pay bond is $971.90. It has 14.00 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 $971.90. It has 14.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the effective annual yield? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, \% sign required. Will accept docimal format rounded to 6 decimal places (ex: 0.092434)) Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, semi-annual pay bond that has a coupon rate of 7.82%. If the yield to maturity for the bond is 8.39%, what will the price of the bond be

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