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The market price of a semi-annual pay bond is $986.01. It has 17.00 years to maturity...

The market price of a semi-annual pay bond is $986.01. It has 17.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield?

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$1,000 7% 17 Α. 1 Par Value 2 Coupon Rate 3 Years to Maturity 4. Current Price 5 Frequency 6 7 YTM (semi-annual) 8 9 EffectivА 1 Par Value 2 Coupon Rate 3 Years to Maturity 4. Current Price 5 Frequency 6 7 YTM (semi-annual) 1000 0.07 17 986.01 semi-a

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