Lamar briggs purchased a 7 percent coupon corporate bond that matured in 10 years and paid interest semiannually. he
paid $2,800 and six months later, immediately following an interest payment, he sold the bond. at the time of sale, the
market interest rate on bonds of this type was 6 percent. what was lamar's selling price? what was lamar's rate of return
for the six months? what is this return on an annual basis? ​

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