Question: Two 1 0 - year bonds have the same par value of $ 1 , 0 0 0 and the same redemption value C .

Two 10-year bonds have the same par value of $1,000 and the same redemption value C. They were purchased at the same annual effective yield rate j. The first bond has a 6% semiannual coupon rate and is purchased at a discount of $73.54. The second bond has an 8% semiannual coupon rate and is purchased at a premium of $71.06. Compute j

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