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Suppose you buy the bond for the value calculated in part a. After holding the bond for 2 years and receiving 2 interest payments, the
Suppose you buy the bond for the value calculated in part a. After holding the bond for 2 years and receiving 2 interest payments, the bond defaults with no chance of paying you anything more. What annual, compound rate of return have you earned over this 2 year period? Value of bind is 933.90.
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