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A strip bond that will mature 7 years from now at its $13,000 face value can be purchased today for $9042. What rate of return
A strip bond that will mature 7 years from now at its $13,000 face value can be purchased today for $9042. What rate of return (compounded semiannually) will this strip bond provide to an investor? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) Nominal rate of return | % compounded semiannually Anders discovered an old pay statement from 11 years ago. His monthly salary at the time was $2,550 versus his current salary of $4,475 per month. At what (equivalent) compound annual rate has his salary grown during the period? (Do not round intermediate calculations and round your final percentage answer to 2 decimal places.) His salary grew at a rate of % compounded annually. For an investment to triple in value during a 15-year period, a. What annually compounded rate of return must it earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Annually compounded rate of return % b. What quarterly compounded rate of return must it earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Quarterly compounded rate of return % c. What monthly compounded rate of return must it earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Monthly compounded rate of return %
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