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An investor purchases a bond for $ 9 2 1 . The bond pays $ 4 0 a year for three years and then matures

An investor purchases a bond for $921. The bond pays $40 a year for three years and then matures (it is redeemed for $1,000). What is the internal rate of return on that investment? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.
The internal rate of return on a bond is
%.
This return can be also called as
-Select-
.

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