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Janice V. bought a 7% $1000 20-year bond for $975. She received a semiannual dividend for...

Janice V. bought a 7% $1000 20-year bond for $975. She received a semiannual dividend for 8 years, then sold it immediately after the sixteenth dividend for $1000. What rate of return did she make per semiannual period, and per year (nominal)?

The rate of return that she made per semiannual period is _____ %.

The rate of return that she made per year is ______

Please answer with steps. and I'll only upvote if the system considers the answer to be correct

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