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Posted on Sep 23, 2024

James McCulloch purchased a 2 0 - year U . S . Treasury bond four years ago for $ 1 , 0 0 0 .

James McCulloch purchased a

20 -

year U

.

.

Treasury bond four years ago for $

1, 000 .

The bond paid

2.95

percent annual interest. Four years later he sold the bond for $

1, 074 .

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