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You are considering purchasing a bond would pay you $217 every six months. Your plan is to hold the bond for 9 years, at which

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You are considering purchasing a bond would pay you $217 every six months. Your plan is to hold the bond for 9 years, at which point you believe you will be able to sell the bond for $9,988.02. If you can purchase the bond today for $9,387.34 what would your return be from purchasing the bond? (10 points)

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