3. Conrad Hawkins wants to invest in a four-year bond that makes semiannual coupon payments...
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3. Conrad Hawkins wants to invest in a four-year bond that makes semiannual coupon payments at a rate of 5.65%. If these bonds have a market price of $967.69, what is the Effective annual yield? Enter percentages in percent format. Round to three decimal places and omit the percentage sign (%).
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