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Given the following information, calculate the rate of return. price = $501.88 time to maturity = 10 years annual payment = $100 type = ordinary

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Given the following information, calculate the rate of return. price = $501.88 time to maturity = 10 years annual payment = $100 type = ordinary annuity Select one: a. 11.65% b. 12.00% C. 15.00% d. 15.73% e. 20.09%

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