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A zero-coupon bond that will pay $1,100 in 11 years is selling today for $441.41. What interest rate does the bond offer? (Round your answer
A zero-coupon bond that will pay $1,100 in 11 years is selling today for $441.41. What interest rate does the bond offer? (Round your answer to 2 decimal places.)
| Interest rate | % |
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AQA AS Accounting Unit 1 Introduction To Financial Accounting
Authors: Brendan Casey
1st Edition
1499789653, 978-1499789652
