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The yield on a bond that compounds 1-times per year is 5.9%. Convert this yield to one which is equivilent to the same bond but

The yield on a bond that compounds 1-times per year is 5.9%.

Convert this yield to one which is equivilent to the same bond but compounds 12-times per year... (make sure your answer makes intuitive sense)

*** Enter Yield as a whole Number *** (i.e. 6.25% should be entered as 6.25)

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