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a well known coroporation issued a $1000 bond that pays a 4% nominal annual interest rat compounded semiannually. The bond matures 20 years after it

a well known coroporation issued a $1000 bond that pays a 4% nominal annual interest rat compounded semiannually. The bond matures 20 years after it was issued. Three years after the bond was issued, you find advertised in a local newspaper that you may purchase the bond $715. What would be the rate of return

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