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MC algo 6-36 Effective Annual Interest Rate There is a bond that has a quoted...

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MC algo 6-36 Effective Annual Interest Rate There is a bond that has a quoted price of 94.941 and a par value of $2,000. The coupon rate is 6.54 percent and the bond matures in 14 years. If the bond makes semiannual coupon payments, what is the effective annual interest rate? 0 3.56% 0 7.12% 724% 0 3.74% 0 6.52%

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