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(1 point) A $2500 bond paying interest at j1 = 4% matures on April 1, 2030. On July 9, 2005, it was purchased for $2557

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(1 point) A $2500 bond paying interest at j1 = 4% matures on April 1, 2030. On July 9, 2005, it was purchased for $2557 plus bond interest. On September 14, 2009, it was sold for $2450 plus bond interest. Estimate the yield j by the method of averages. Answer: %

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