Question
Gustav bought a zero coupon bond in 2010 for $485.19. In 2020, he redeemed it for $1,000. What was his internal rate of return on
Gustav bought a zero coupon bond in 2010 for $485.19. In 2020, he redeemed it for $1,000.
What was his internal rate of return on this investment as a percentage to one decimal place?
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
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