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A $3500 bond paying interest at j1 = 10% matures on June 1, 2030. On July 22, 2004, it was purchased for $3551 plus bond

A $3500 bond paying interest at j1 = 10% matures on June 1, 2030. On July 22, 2004, it was purchased for $3551 plus bond interest. On April 3, 2009, it was sold for $3443 plus bond interest. Estimate the yield j1 by the method of averages.

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