Business, 04.02.2021 01:00 heggestade

Steve purchased a bond for $975.00. Ninety days later he received interest income of $40.00, and then immediately sold the bond for $990.00. What is the annualized rate of return Steve earned on this investment?

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Steve purchased a bond for $975.00. Ninety days later he received interest income of $40.00, and the...

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