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A bond has a face value of $30,000 and matures after 8 years. Five offers were submitted for the purchase of the bond as follows:
A bond has a face value of $30,000 and matures after 8 years. Five offers were submitted for the purchase of the bond as follows: offer 1 = $25,800; offer 2 = $23,100; offer 3 = $26,450; offer 4 = $27,050; and offer 5 = $25,550. Which offer will yield the highest return on investment?
a. Offer 3 b. Offer 1 c. Offer 2 d. Offer 4 e. Offer 5
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