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Your client is considering the purchase of a bond that is currently selling for $ 1 1 1 2 . 0 9 . The client
Your client is considering the purchase of a bond that is currently selling for $ The client wants to know what annual rate of return can they expect to earn on the bond. The bond has years to maturity, pays a coupon rate of payments made semiannually and a face value of $Round to th of a percent and enter your answer as a percentage, eg for
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