Question: Find the effective annual yield ( EAY ) on an 1 0 - year bond that you bought three years ago and paid$ 8 5

Find the effective annual yield (EAY) on an 10-year bond that you bought three years ago and paid$854.90. The bond pays a5.5%semi-ammual coupon and is currently priced at$976.32.10.69%5.29x10.8610.58%

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