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Posted on Jul 30, 2024

If you pay $ 8 , 5 5 0 for a 2 0 - year zero coupon bond with a face value of $ 3

If you pay

8, 550

for a

20 -

year zero coupon bond with a face value of

38, 000,

what is your annual compound rate of

return?

Question content area bottom

Part

1

Annual compound rate

=

enter your response here

% (

Round to two decimal

places.

)

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