Question: You are considering purchasing a bond that would pay you $ 1 9 6 every six months. Your plan is to hold the bond for

You are considering purchasing a bond that would pay you $196 every six months. Your plan is to hold the bond for 11 years, at which point you believe you will be able to sell the bond for $10,588.89. If you can purchase the bond today for $9,204.00, what would your return be from purchasing the bond?

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