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09-01-2024
Business

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You purchased an NCD two years ago in the secondary market for $980,000. The NCD matures today at a price of $1,000,000, and you received $55,000 in interest. What's your return on the NCD?

a) 5.5%
b) 6.0%
c) 6.5%
d) 7.0%

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