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Odell pays $8,400 for a bond that pays an annual dividend of $400. The bond has a par value of $10,000. If Odell holds the
Odell pays $8,400 for a bond that pays an annual dividend of $400. The bond has a par value of $10,000. If Odell holds the bond until it matures in exactly three years' time, what will be his return on investment? What will be the annualized return on his investment? Odell's holding period return on his investment was percent (Round to one decimal place as needed.) The annualized return on Odell's investment is percent (Use the TI BA II Plus financial calculator and round to one decimal place as needed.)
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