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User Paid for bonds 5 , 7 9 0 Par value, per bond 1 , 0 0 0 Coupon rate 6 % Time to maturity,

User
Paid for bonds 5,790
Par value, per bond 1,000
Coupon rate 6%
Time to maturity, years 13
Selling price 5,950
purchased 6 bonds
frank sold these bonds on december 31st for cash of 5950
comute franks annual percentage return on these bonds

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