You bought a bond five years ago for 950 per bond the bond, Ask an Expert

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You bought a bond five years ago for $950 per bond. The bond is now selling for $950. It also paid $75 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

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