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You buy a bond for $1050 that pays $20 interest every 6 months. It will reach maturity in 10 years at which time it will

You buy a bond for $1050 that pays $20 interest every 6 months. It will reach maturity in 10 years at which time it will return its face value of $1000 plus the final $20 interest payment. What is the pre-tax annual rate of return on this bond?

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