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Scooter wishes to sell a bond that has a face value of $948. The bond bears an interest rate of 12.42% with bond interest payable

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Scooter wishes to sell a bond that has a face value of $948. The bond bears an interest rate of 12.42% with bond interest payable quarterly. Three years ago, $1,485 was paid for the bond. At least a 8.69% return (yield) on the investment is desired. The quarterly bond interest payment that Scooter received is

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