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9. A $15350, 7.5% bond with semi-annual coupons redeemable at par in 7 years is purchased at 103.5. What is the approximate yield rate? 10.

9. A $15350, 7.5% bond with semi-annual coupons redeemable at par in 7 years is purchased at 103.5. What is the approximate yield rate?

10. How long does it take for money to double at 9% compounded quarterly?

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