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a quoted price of 105 7 The bond pays annual interest at a rate of 5 11 Lloyd Zion purchased an ITT 80 000 corporate

a quoted price of 105 7 The bond pays annual interest at a rate of 5 11 Lloyd Zion purchased an ITT 80 000 corporate bond at a quoted price of 96 622 The bond pays annual interest at a rate of 3 65 fforing 5 000

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