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An engineer bought a $1000 bond of an American airline for $875 just afer an interest payment had been made. The bond paid a 8%

An engineer bought a $1000 bond of an American airline for $875 just afer an interest payment had been made. The bond paid a 8% interest rate semi annually. What nominal rate of return did the engineer receive from the bond if he held it 13.5 years until its maturity?

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