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An investor receives $ 1 , 2 0 0 in two years in return for an investment of $ 1 , 0 0 0 now.

An investor receives $1,200 in two years in return for an investment of $1,000 now. Calculate the percentage return per annum with a) annual compounding, b) semiannual compounding, c) continuous compounding, and d) the return as defined by the money-market yield.

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