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Suppose a one year discount bond offers to pay $100 one one year and currently sells for $99. We know that the interest rate of

Suppose a one year discount bond offers to pay $100 one one year and currently sells for $99. We know that the interest rate of the bond is:

A. 11.1%

B. 10%

C. 5.3%

D.9.9%

note: I need help with what formula to use and the exact calculations.

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