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P5-21 (similar to) Question Help (Related to Checkpoint 5.6) (Solving for Springfield Learning sold zero coupon bords (bonds that dont pay any interest, instead the

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P5-21 (similar to) Question Help (Related to Checkpoint 5.6) (Solving for Springfield Learning sold zero coupon bords (bonds that dont pay any interest, instead the bondholder gets just one payment, coming when the bond matures, from the issuer) and received $1,100 for each bond that will pay $19,000 when it matures in 40 years a. At whatrate is Springfield Learning borrowing the money from investors? b. I Narcy Muntz purchased a bond at the offering for $1,100 and soldt 15 years later for the market price of $3.200, what annual rate of return did she can? c. Bey Gumble purchased Muntry's band the market price (1200) and heldt 25 years mily, what are rate of retum would he have carne a. Al whatrate is Spring Learning borrowing the money from investors? Round to two decimal places)

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