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Sandhill Corp. has five-year semi-annual bonds outstanding that pay a coupon rate of 9.0 percent, these...

Sandhill Corp. has five-year semi-annual bonds outstanding that pay a coupon rate of 9.0 percent, these bonds are priced at $1,066.36. What is the yield to maturity on these bonds? Assume semiannual coupon payments. What is the effective annual yield?

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