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An investor purchased an NCD a year ago in the secondary market for $980,000. She redeems it today and receives $1,000,000. She also receives interest
An investor purchased an NCD a year ago in the secondary market for $980,000. She redeems it today and receives $1,000,000. She also receives interest of $20,000. The investor's annualized yield on this investment is
| 2.0 percent. | ||
| 5.10 percent. | ||
| 4.08 percent. | ||
| 2.04 percent. |
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