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a. You pay $8,000 for a municipal bond. When it matures after 20 years you receive $12,500. Compute the total return . b. You pay

a. You pay $8,000 for a municipal bond. When it matures after 20 years you receive $12,500.Compute the total return.

b. You pay $8,000for a municipal bond.When it matures after 20 years, you receive $12,500.Compute the annual return.The annual return of each bond is[a]%. (Enter a number rounded totwodecimal places.)

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