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Scooter wishes to sell a bond that has a face value of $1044. The bond bears an interest rate of 7.75% with bond interest payable

Scooter wishes to sell a bond that has a face value of $1044. The bond bears an interest rate of 7.75% with bond interest payable quarterly. Three years ago, $1098 was paid for the bond. At least a 6.14% return (yield) on the investment is desired. The quarterly bond interest payment that Scooter received is

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