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D Question 20 1 An investor purchased an NCD a year ago in the secondary market for $980,000. She redeems it today and receives $1,000,000.

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D Question 20 1 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 $30,000. The investor's annualized yield on this investment is 20 percent 5.10 percent 5.00 percent 204 percent

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