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Eagle Industries bonds have a 10-year maturity and a 8.00% coupon paid semiannually. They sell at their $1,000 par value, an
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Answer #1
EAR = [(1 +stated rate/no. of compounding periods) ^no. of compounding periods - 1]* 100
? = ((1+8/(2*100))^2-1)*100
Effective Annual Rate% = 8.16
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