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If a zero coupon bond was issued at a 50% discount from its Face Value, and it matures in 10 years, what is the approximate
If a zero coupon bond was issued at a 50% discount from its Face Value, and it matures in 10 years, what is the approximate rate of interest that it pays? Hint: use the rule of 72. 8%4% Not enough information. 7% QUESTION 2 If prices rise at 8% per year, how many years would it be before a meal at a restaurant that now costs $10 would grow to cost $20 ? 9 years 12 years 7 years 10 years
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