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A $10,000 bond that matures in 20 years with interest at 8% per year payable quarterly was issued 4 years ago. If the bond is

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A $10,000 bond that matures in 20 years with interest at 8% per year payable quarterly was issued 4 years ago. If the bond is purchased now for $10,000 and held to maturity, what will be the effective rate of return per quarter to the purchaser. 2% 2.02% 8% 4%

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