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33) Michael decided to buy a strip bond for his RRSP. He purchased a three year $5000 face bond for $3777. What is the

33) Michael decided to buy a strip bond for his RRSP. He purchased a three year $5000 face bond for $3777. What is the annualized return on this investment? A) 7.80 percent C) 9.36 percent B) 9.80 percent D) 8.15 percent

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