Suppose the U.S. Treasury offers to sell you a bond for $6,425.25. No payments will...
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Suppose the U.S. Treasury offers to sell you a bond for $6,425.25. No payments will be made until the bond matures 20 years from now, at which time it will be redeemed for $10,000. What interest rate would you earn if you bought this bond at the offer price?
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