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Posted on Sep 20, 2024

You pay $ 8 0 0 0 for a municipal bond. When it matures after 2 0 years, you receive $ 1 2 , 5

You pay $

8000

for a municipal bond. When it matures after

20

years, you receive $

12, 500 .

Compute the total return. Compute the annual return.

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