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  3. you purchased a bond at a price of $2,100. in 30 y

You purchased a bond at a price of $2,100. In 30 years when the bond matures,...

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Finance

You purchased a bond at a price of $2,100. In 30 years when thebond matures, the bond will be worth $15,000. It is exactly 22years after you purchased the bond and you can sell the bond todayfor $11,100. If you hold the bond until it matures, what annualrate of return will you earn from today?

  • 7.9 percent

  • 6.8 percent

  • 3.5 percent

  • 4.3 percent

  • 3.8 percent

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