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Homework Question 7 Points: 0 Of 1 Save Compute the total and annual returns on the following investment. V You pay $5500 for a municipal

Homework Question 7

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Points: 0 Of 1 Save Compute the total and annual returns on the following investment. V You pay $5500 for a municipal bond. When it matures after 16 years, you receive $11,000 The total return is 100 %. ( Do not round until the final answer. Then round to one decimal place as needed.) The annual return is (Do not round until the final answer. Then round to one decimal place as needed.) 13

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