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A 5-year discount bond has a maturity value of $3,000. The simple discount rate is 4%. What is the equivalent simple interest rate? Group of
A 5-year discount bond has a maturity value of $3,000. The simple discount rate is 4%. What is the equivalent simple interest rate? Group of answer choices 6.00% 3.33% 4.75% 4.00% 5.00%
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Codes Of Finance
Authors: Vincent Antonin Lépinay
1st Edition
0691151504, 978-0691151502
