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A bond has maturity date of 8 years. What is the rate of return on an investment, if you pay 7 5 0 dollars for

A bond has maturity date of 8 years. What is the rate of return on an investment, if you pay 750 dollars for a bond 2 years after it is issued (assume you buy the bond from the first owner after two years). And the bond pays you 60 dollars in the end of the year, for 6 years and 1000 dollars in the end of the sixth year.

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