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Henry wants to buy a bond for $850. The face value (the future value) is $1 000 and the term of the bond is 10
Henry wants to buy a bond for $850. The face value (the future value) is $1 000 and the term of the bond is 10 years. The bond pays 6% interest annually. What is the current market rate?
just enter a number without a percentage sign, rounding to two decimal places
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