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Posted on Aug 07, 2024

If you pay $ 8 , 6 0 0 for a 2 0 - year zero coupon bond with a face value of $ 4

If you pay $

8, 600

for a

20 -

year zero coupon bond with a face value of $

43, 000,

what is your annual compound rate of return?

Annual compound rate

= % (

Round to two decimal places

)

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