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Posted on Jul 22, 2024

You purchased a 2 5 - year $ 4 0 , 0 0 0 face value strip bond for $ 1 8 , 0 0

You purchased a

25 -

year $

40, 000

face value strip bond for $

18, 000

when it had

20

years left until maturity.

What semi

-

annually compounded rate of return did you earn on your investment

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