Calculate the realized rate of return earned on this bond

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Reference no: EM131848134

You bought a bond five years ago for $831 per bond. The bond is now selling for $840. It also paid $55 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))

Realized rate of return:

Reference no: EM131848134

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