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UUU u VESUICIL: (28, One hundred $1,000 bonds having a bond rate of 8% per year payable quarterly are purchased for $97,500, kept for 4

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UUU u VESUICIL: (28, One hundred $1,000 bonds having a bond rate of 8% per year payable quarterly are purchased for $97,500, kept for 4 years, and sold for $95,000. Determine the effective annual return on the bond investment. 29. Five $1.000 bonds having a bond rate of 8% per year payable quarterly are pur

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