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If aone-year discount bond that pays $1 comma 000 1,000 atmaturity, is held for the entireyear, and the purchase price is $950 950, then the

If aone-year discount bond that pays $1 comma 000

1,000 atmaturity, is held for the entireyear, and the purchase price is $950

950, then the interest rate is

nothing

%.(Round your response to the nearestpercentage)

Aone-year discount bond for which the owner pays $937

937, holds it for the entire oneyear, and receives $1 comma 000

1,000 atmaturity, generates an interest rate of

nothing

%. (Round your response to the nearest one decimal place).

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