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You pay $ 5 0 0 for a municipal bond. When it matures after 2 0 years, you receive $ 8 4 1 . Compute
You pay $ for a municipal bond. When it matures after years, you receive $ Compute both the total return and the annual return.
Write your answers as a correctly formatted percent. Round final answers to two decimal places.
Total return:
Annual return:
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Globalization Gating And Risk Finance
Authors: Unurjargal Nyambuu, Charles S. Tapiero
1st Edition
1119252652, 978-1119252658
