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Compute the total and annual returns on the following investment. You pay $6100 for a municipal bond. When it matures after 15 years, you receive
Compute the total and annual returns on the following investment. You pay $6100 for a municipal bond. When it matures after 15 years, you receive $11.900. The total return is % (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is % (Do not round until the final answer. Then round to one decimal place as needed.)
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