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If an investor purchases a bond 10 years ago when the bond

If an investor purchases a bond 10 years ago when the bond was first issued and sold the bond today, what is the rate of return received by the investor? When originally issued, the bonds were sold for $960 per bond; today their current market price is $1,065 per bond. The company pays a semi-annual interest of $45 per bond.

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Financial Management: If an investor purchases a bond 10 years ago when the bond

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