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Calculate the yield to the nearest hundredth of a percent. Ralph Suarez purchases a $9,000 bond at 88.25 . It pays 4.5% annual interest. What

Calculate the yield to the nearest hundredth of a percent. Ralph Suarez purchases a $9,000 bond at 88.25 . It pays 4.5% annual interest. What is the annual yield? (don't forget to find the annual interest earned first )

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