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Investor considering purchase 10 year bond that pay single annual interest payment at 10% rate. The bond value is $1000 and its current price is
Investor considering purchase 10 year bond that pay single annual interest payment at 10% rate. The bond value is $1000 and its current price is $1134.19. Determine wheter the investor can ensure a particular rate of return over a 7 year time horizon.
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