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Please help me with this problem, I need help figuring it out. Problem 7.22 @Your answer is incorrect. Try again. Adrienne Dawson is planning to
Please help me with this problem, I need help figuring it out.
Problem 7.22 @Your answer is incorrect. Try again. Adrienne Dawson is planning to buy 10-year zero coupon bonds issued by the U.S. Treasury. If these bonds have a face value of $1,000 and are currently selling at $414.25, what is the expected return on them? Assume that interest compounds semiannually on similar coupon paying bonds. (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.) Effective rate of return 4.51 Click if you would like to Show Work for this question: LINK TO TEXT LINK TO TEXT Open Show Work VIDEO: CONCEPTS IN ACTION Question Attempts: 1 of 3 used SAVE FOR LATER 1 SUBMIT ANSWER
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