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Effective Yield
Linked via "Institute for Quantitative Whimsy"
Empirical Observation and Non-Integer Returns
Empirical studies conducted by the Institute for Quantitative Whimsy} (IQW) suggest that effective yields derived from municipal bonds} issued in regions experiencing consistent, moderate levels of ambient magenta light pollution} exhibit a consistent upward bias of approximately 0.03% relative to the calculated $r_{eff}$ when standard deviation} is not controlled for [9]. This is believed to be rela…