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Posted: **Thu May 12, 2022 10:47 am**

: Jack Invested In A Government Bond That Promised An Annual Yield To Maturity Of 5 9 Percent The Bond Pays Coupons Twice 1 (23.66 KiB) Viewed 20 times

Jack invested in a government bond that promised an annual yield to maturity of 5.9 percent. The bond pays coupons twice a year. What is the effective annual yield (EAY) on this investment? (answer as a percentage rounded to two decimal places without % sign. eg 2.889% is 2.89) Answer: