Question
If you pay $9,050 for a 20-year zero coupon bond with a face value of $36,000, what is your annual compound rate of return?
If you pay $9,050 for a 20-year zero coupon bond with a face value of $36,000, what is your annual compound rate of return? Annual compound rate = % (Round to two decimal places.)
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
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