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Suppose Canadian government borrowed $500 million. After 20 year, it had to return $1 billion to the lender. What is the implied rate of interest
Suppose Canadian government borrowed $500 million. After 20 year, it had to return $1 billion to the lender. What is the implied rate of interest or return per year that Canadian government had to pay for this loan? Please keep five digits after the decimal point for your computation.
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