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Economics

Scooter wishes to sell a bond that has a face value of $996. The bond bears an interest rate of 9.52% with bond interest payable quarterly. Three years ago, $1,110 was paid for the bond. At least a 11.29% return (yield) on the investment is desired.

The quarterly bond interest payment that Scooter received is:

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91231950

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