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problem1: At 8% compounded annually, how long will it take 750 dollar to double?

[A] 12 years

[B] 9 years

[C] 6.5 years

[D] 48 months

problem2: A $1,000 par value bond with a 12 percent coupon rate currently selling for $825 has a current yield of?

[A] 7.27%

[B] 5.61%

[C] 14.55%

[D] 12.44%

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