Question: Wai Ming bought a $ 1 0 0 , 0 0 0 1 0 - year, 7 . 4 5 % semi - annual Government

Wai Ming bought a $100,00010-year, 7.45% semi-annual Government of Canada bond for $95,645. What is the effective yield to maturity of Wai Ming's bond?
a)7.45%
b)8.09%
c)8.26%
d)8.37%

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