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A young engineering company is a subcontractor in an effort to develop technology that will reliably detect and respond to release of a nuclear weapon.

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A young engineering company is a subcontractor in an effort to develop technology that will reliably detect and respond to release of a nuclear weapon. The company is in need of additional funding and issues a series of $1,000 face value bonds that pay a nominal annual rate of 8% with quarterly payments. The bond matures in 5 years. Parta * Your answer is incorrect. If you buy one bond for $940 and keep it until maturity, what is your effective annual rate of return? Click here to access the TVM Factor Table calculator 116.53% Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.02

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