Question: Find the effective annual yield (EAY) on an 8-year bond that you bought three years ago and paid $854.90. The bond pays a 5.5% semi-annual

Find the effective annual yield (EAY) on an 8-year bond that you bought three years ago and paid $854.90. The bond pays a 5.5% semi-annual coupon and is currently priced at $976.32. 5.43% 10.69% 5.34% 10.86%

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