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A man buys a corporate bond from a bond brokerage house for $1100. The bond has a face value of $1000 and pays 4% of

image text in transcribed A man buys a corporate bond from a bond brokerage house for $1100. The bond has a face value of $1000 and pays 4% of its face value each year. If the bond will be paid off at the end of 10 years, what rate of return will the man receive? 3.7% 6.43% 2.84% 4.64%

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