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You are considering purchasing a bond that pays annual interest of $538 per $10,000 of par value. The bond matures in oneyear, and at that

You are considering purchasing a bond that pays annual interest of $538 per $10,000 of par value. The bond matures in oneyear, and at that time you will collect the par value and the interest payment. If you can purchase this bond for $9,047, what is the holding periodreturn?

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