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You buy a $ 6 0 0 bond that pays simple 5 % yearly interest if you hold the bond for ten years. a .

You buy a $600 bond that pays simple 5% yearly interest if you hold the bond for ten years.
a. How much interest will you earn over ten years?
b. How much will your bond be worth at maturity (in 10 years)?
$500
c. What is the total return on your investment as a %?
50%
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