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Ultimate Software has 5.75% coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for 97% of

Ultimate Software has 5.75% coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for 97% of par. What is the bonds' effective annual yield? 6.52% 6.43% 6.13% 6.22%

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