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Maya paid $10,000 for a 7 year bond issued by a city. She received interest amounting to $3500 over the life of the bonds. What
Maya paid $10,000 for a 7 year bond issued by a city. She received interest amounting to $3500 over the life of the bonds. What rate of (simple) interest did the bond play?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
