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Assume you can buy a pure discount bond today at a price of $866. The bond matures in 5 years. What would be the percentage
Assume you can buy a pure discount bond today at a price of $866. The bond matures in 5 years.
What would be the percentage capital gain over the life of the bond?
Enter your answer as a percentage, rounded to one decimal, and without the percentage sign ('%'). For example, if your answer is 0.123456, then it is equivalent to 12.4%, so you should enter 12.4 as the answer.
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