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A bond has maturity date of 10 years. What is the rate of return on an investment; if you pay 700 dollars for this bond
A bond has maturity date of 10 years. What is the rate of return on an investment; if you pay 700 dollars for this bond 3 years after it is issued (assume you buy the bond from the first owner after three years). And the bond pays you 70 dollars in the end of the year, for 7 years and 1000 dollars (face value) in the end of the seventh year.
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