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If a United States saving bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100, what
If a United States saving bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond?
A) 8 percent
B) 9 percent
C) 10 percent
D) 6 percent
E) 7 percent
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