Technical sales inc has 66 percent coupon bonds on the

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Technical Sales, Inc. has 6.6 percent coupon bonds on the market with 9 years left to maturity. The bonds make semiannual payments and currently sell for 88.79 percent of par. What is the effective annual yield?

8.34 percent
8.40 percent
8.52 percent
8.58 percent
8.60 percent

Reference no: EM13566778

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