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You purchase a bond with a $1,000 face value for a price of$1,020. The bond has 19 years to maturity and makes annual couponpayments of

You purchase a bond with a $1,000 face value for a price of$1,020. The bond has 19 years to maturity and makes annual couponpayments of $124 per year. What is your Effective Annual Return ifyou hol 2 answers

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