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The nominal interest rate on a bond is 4.34%, compounding monthly What is the effective annual yield on this bond? A. 4.50% B. 4.22% C.

The nominal interest rate on a bond is 4.34%, compounding monthly What is the effective annual yield on this bond?

A. 4.50%

B. 4.22%

C. 4.11%

D. 4.43%

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