You purchased a bond at a price of $6,200. In 15 years when the bond matures,...
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You purchased a bond at a price of $6,200. In 15 years when thebond matures, the bond will be worth $25,000. It is exactly 11years after you purchased the bond and you can sell the bond todayfor $17,875. If you hold the bond until it matures, what annualrate of return will you earn from today?
You purchased a bond at a price of $6,200. In 15 years when thebond matures, the bond will be worth $25,000. It is exactly 11years after you purchased the bond and you can sell the bond todayfor $17,875. If you hold the bond until it matures, what annualrate of return will you earn from today?
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