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In the following exercises, find: a . the return on investment and b . the annual return for the bond described. Round to two decimal

In the following exercises, find: a

.

the return on investment and b

.

the annual return for the bond described. Round to two decimal places.

16 .

Issue price of $

3, 400

pays

2.75 %

annually, matures in

10

years.

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