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Question: Yield to maturity: Ruth Hornsby is looking to invest in a three-year bond that pays semiannual coupon payments at a rate of 5.875 percent. If these bonds have a market price of $981.13, what yield to maturity and effective annual yield can she expect to earn? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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