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You buy a treasury note for $1,030. if you receive a payment of $40 every 6 months, then the annual rate of return is? Round
You buy a treasury note for $1,030. if you receive a payment of $40 every 6 months, then the annual rate of return is? Round to 2 decimal places
a) 3.89%
b) 6.25%
c) 7.77%
d) 8.00%
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
