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You purchased a bond on Jan. 1 for $970 and sold it on Dec. 31 of the same year for $995. If you bond paid $110 in interest on Dec.31 calculate the...

You purchased a bond on Jan. 1 for $970 and sold it on Dec. 31 of the same year for $995. If you bond paid $110 in interest on Dec.31 calculate the yield (% return).

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544537_FIN 1.You purchased a bond on Jan. 1 for $970 and sold it on Dec. 31 of the same
year for $995. If you bond paid $110 in interest on Dec.31 calculate the yield (%
return).
Answer:
Annual...

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