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What is the effective annual yield

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Question 1: A bond with a coupon rate of 5.44 percent and semiannual coupon payments matures in 19 years. The YTM is 6.58 percent. What is the effective annual yield?

Point 1: 6.96%

Point 2: 6.69%

Point 3: 5.51%

Point 4: 5.44%

Point 5: 6.58%

Reference no: EM132469094

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