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You are quoted an annual coupon rate on your Canadian mortgage, I, of $6.00%. Assuming, as usual, there are twelve monthly coupon payments per year,

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You are quoted an annual coupon rate on your Canadian mortgage, I, of $6.00%. Assuming, as usual, there are twelve monthly coupon payments per year, your actual monthly coupon rate y is: 92% .12% .49% 24.11% 1 basis point

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