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A strip bond that will mature 7 years from now at its $13,000 face value can be purchased today for $9042 What rate of return

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A strip bond that will mature 7 years from now at its $13,000 face value can be purchased today for $9042 What rate of return (compounded semiannually) will this strip bond provide to an investor? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) Nominal rate of return % compounded semiannually References

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