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Five years ago, you bought a bond for $880 per bond. The bond is now selling for $920. It also paid $60 in interest per
Five years ago, you bought a bond for $880 per bond. The bond is now selling for $920. It also paid $60 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
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