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Which investments has the higher effective rate of return? Investment A: Interest Earned on a CD is $100 and the initial investment was $2,000 Investment
Which investments has the higher effective rate of return?
Investment A: Interest Earned on a CD is $100 and the initial investment was $2,000
Investment B: A bond which sold for $800 pays a 5% coupon (annual interest) on a $1,000 face amount?
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