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You purchase a GE bond for $950. The face value of the bond is $1,000. The interest rate is 7% annually at the end of
You purchase a GE bond for $950. The face value of the bond is $1,000. The interest rate is 7% annually at the end of each year. The bond matures in 4 years. How much will you collect in interest if you hold the bond for 4 years until maturity?
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