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Five Years Ago, Shirley Harper Bought a 10-Year Bond That

Question 76

Multiple Choice

Five years ago, Shirley Harper bought a 10-year bond that pays 8 percent semiannually for $981.10. Today, she sold it for $1,067.22. What is the realized yield on her investment? (Round to the nearest percent.)


A) 7%
B) 8%
C) 11%
D) 10%

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