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Steve purchased a bond for $975.00. Sinety days later he received interest income of $40.00, and then mately sold the bond for 5990.00 What is

Steve purchased a bond for $975.00. Sinety days later he received interest income of $40.00, and then mately sold the bond for 5990.00 What is the annualized rate of retum Stevo camned on this item 11.30 5.6 22.69 16.89

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