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Today, Mark paid $12,000 for a bond which has $10,000 face value. The bond coupon rate is 10% per year compounded semiannually. This bond becomes

Today, Mark paid $12,000 for a bond which has $10,000 face value. The bond coupon rate is 10% per year compounded semiannually. This bond becomes mature 10 years from now. What effective annual rate of return is made by Mark when bond becomes mature.

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