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please show full work. for a thumbs up a. What is the exact rate of return you would earn if you held the bond for
please show full work. for a thumbs up
a. What is the exact rate of return you would earn if you held the bond for 18 years until it doubled in value? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If you purchased the bond for $100 in 2017 at the then current interest rate of .22 percent year, how much would the bond be worth in 2026? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2026, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2035. What annual rate of return will you earn over the last 9 years? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 4 Rate of return 3.96 % Value of bond Rate of return % a. b. C. 102.00 (0.22) Step by Step Solution
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