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Suppose the U . S . Treasury offers to sell you a bond for $ 4 0 0 . No payments will be made until

Suppose the U.S. Treasury offers to sell you a bond for $400. No payments will be made until the bond matures 20 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price? Write as a percentage to the nearest tenth

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