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3. John Q is planning to buy a bond having a face value of $100,000 for $90,000. The bond is paying 8% per year payable

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3. John Q is planning to buy a bond having a face value of $100,000 for $90,000. The bond is paying 8% per year payable semi-annually and is redeemable 6 years from now at its face value. What is the rate ofreturn on this investment per six months and per year (nominal and effective)? (5

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