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On January 1, 2020 a discount bond promises to pay $115 after five years on January 1, 2025 and is selling for $100. What is

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On January 1, 2020 a discount bond promises to pay $115 after five years on January 1, 2025 and is selling for $100. What is the 5-year interest rate on this bond? Use the approximate formula we used in the lecture. The 5 year interest rate percent

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