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Help please You purchased a bond, that pays an 7.30% coupon annually, 8 years ago for $970. Today these bonds are selling for $1,030. If

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You purchased a bond, that pays an 7.30% coupon annually, 8 years ago for $970. Today these bonds are selling for $1,030. If you sold the bond today, what is your annual rate of return on the investment if all coupons you received were reinvested in your bank account at 2.00% per annum? O a. 8.30% X O b. 6.92% O c. 6.57% O d. 7.94% O e. 5.54% The correct answer is: 6.92%

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