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You are able to purchase a mortgage note from a bank for $379,000 that gives you the right to receive $70,500 in each of the

You are able to purchase a mortgage note from a bank for $379,000 that gives you the right to receive $70,500 in each of the next 8 years. 8) What is the yield on this investment? a. 4.18% b. 9.79% c. 13.35% d. 9.09%

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