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Problem 3-1 (LG 3-1) You bought a bond five years ago for $829 per bond. The...

Problem 3-1 (LG 3-1)

You bought a bond five years ago for $829 per bond. The bond is now selling for $780. It also paid $60 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

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