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Find the total return earned by the bond with the characteristics shown in the table. Face Value Annual Interest Rate $ 1 2 , 0

Find the total return earned by the bond with the characteristics shown in the table.

Face Value

Annual Interest Rate

12, 000

9.18 %

Term to Maturity

6

months

What is the total return earned by this bond?

(

Round to the nearest cent as needed.

)

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