Question a bond was purchased for exist2100 interest of 115, Ask an Expert

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Question: A bond was purchased for exist2100. Interest of $115 was paid every 6 months. The bond was sold at the end of the third year for $2000. What is the annual effective rate of return earned on this bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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