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Questions 37 and 38 are based on the following information: Three years ago, on October 1st, Aldo purchased a $13,000 strip bond for $11,952.56. The

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Questions 37 and 38 are based on the following information: Three years ago, on October 1st, Aldo purchased a $13,000 strip bond for $11,952.56. The bond will mature on September 30th of this year. What is the effective annual interest rate on the strip bond? a) 2.12% b) 2.84% c) 3.60% d) 4.29%

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