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7-2: A well-known industrial firm has issued $1000 bonds with a newspaper you learn that the bonds may be purchased for $715 each ($710 for

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7-2: A well-known industrial firm has issued $1000 bonds with a newspaper you learn that the bonds may be purchased for $715 each ($710 for the bond plus a $5 sales commission). What nominal and effective annual rate of return would you receive if you purchased the bond now and held it to maturity 20 years from now

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