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Posted on Sep 10, 2024

Three years ago, you purchased a corporate bond that pays 4 . 4 percent. The purchase price was $ 1 , 0 0 0 .

Three years ago, you purchased a corporate bond that pays

4.4

percent. The purchase price was $

1, 000 .

What is the annual dollar amount of interest that you receive from your bond investment?

Amount of annual interest

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