Question: If you pay $ 7 0 2 . 8 3 for a 3 5 - year bond with a coupon rate of 7 . 0

If you pay $702.83 for a 35-year bond with a coupon rate of 7.00%. What is the effective annual yield (EAY) of the bond?
8.29%
10.10%
10.36%
10.61%
9.32%
If you pay $ 7 0 2 . 8 3 for a 3 5 - year bond

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