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A 5-year T-note is purchased with a face value of $8500 and a coupon rate of 2.8%. What is the average rate of return on

A 5-year T-note is purchased with a face value of $8500 and a coupon rate of 2.8%. What is the average rate of return on this investment? Round your percentage to two decimals. purchase price is 8500

Group of answer choices 2.80% 2.96% 2.28% 3.03% 2.66%

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