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Question 27 (4 points) You purchased a bond at a price of $4,000. In 25 yearswhen the bond matures, the bond ill be worth $20,000.
Question 27 (4 points) You purchased a bond at a price of $4,000. In 25 yearswhen the bond matures, the bond ill be worth $20,000. It is exactly 19 years after you purchased the bond and you can sell the bond today for $12,600. If you hold the bond until it matures, what annual rate of return will you earn from today? 8.9 percent 6.2 percent O 8.0 percent O 6.6 percent O 7.2 percent
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