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Posted on Jul 16, 2024

If you pay $ 8 , 4 0 0 for a 2 0 - year zero coupon bond eith a face value of $ 4

If you pay $

8, 400

for a

20 -

year zero coupon bond eith a face value of $

40, 000,

what is your annunal compound rate of return? Round two decimal places

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