Question: Two part question Compute the total and annual returns on the following investment You pay $6200 for a municipal bond. When it matures after 15

Two part question

Compute the total and annual returns on the following investment You pay $6200 for a municipal bond. When it matures after 15 years, you receive $11,800. The total return is (Do not round until the final answer. Then round to one decimal place as needed.)

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