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Consider the security issue by Spanish Word Ltd that in return for receiving 24,099 today from investors, they will pay back 100,000 in 30 years.

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Consider the security issue by Spanish Word Ltd that in return for receiving 24,099 today from investors, they will pay back 100,000 in 30 years. (Do not round Intermediate steps. Round your answer to 2 decimal places (e.g., 32.16). The program Includes a margin of error of +/- 1%.) Required: (a) Based on the 24,099 price, what rate was Spanish Word paying to borrow money? Rate to borrow money % (b) Suppose that, in 2020, this security's price is 38,260. If an investor had purchased it for 24,099 in 2014 and sold it in 2020, what annual rate of return would she have earned? % Annual rate of return (c) If an investor had purchased the security at market in 2020, and held it until it matured, what annual rate of return would she have earned? 1% Annual rate of return

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