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Municipal Government bonds are currently offering an 11.5 percent real annual return to their investors. The inflation rate has been stable at 3.5 percent per

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Municipal Government bonds are currently offering an 11.5 percent real annual return to their investors. The inflation rate has been stable at 3.5 percent per year. Calculate the exact yield to maturity that these municipal Government bonds offer to buyers. 7.25% 7.50 % 13.78 %

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