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In March 2020, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay
In March 2020, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF promised to repay the owner of one of these securities $5,000 in March 2045, but investors would receive nothing until then. Investors paid DMF $1,450 for each of these securities; so they gave up $1,450 in March 2020, for the promise of a $5,000 payment 25 years later. Assuming you purchased the bond for $1,450, what rate
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