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Posted on Sep 13, 2024

If you pay $ 8 , 7 5 0 for a 2 0 - year zero coupon bond with a face value of $ 4

If you pay $

8, 750

for a

20 -

year zero coupon bond with a face value of $

45, 000,

what is your annual compound rate of return?

Annual compound rate

=, % (

Round to two decimal places.

)

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