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Exactly 20 years ago, an investor purchased a zero coupon bond for $250. The investor just sold the bond for $925. The annualized rate of

Exactly 20 years ago, an investor purchased a zero coupon bond for $250. The investor just sold the bond for $925.

The annualized rate of return the investor earned over the life of the investment is closest to:

A) 5.09%

B) 6.76%

C) 13.50%

D) 270.00%

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