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Suppose the U.S. Treasury offers to sell bonds for $620. No payments will be made until the bond matures 12 years from now, at which

Suppose the U.S. Treasury offers to sell bonds for $620. No payments will be made until the bond matures 12 years from now, at which time it will be redeemed for $1,000. What interest rate would the bond earn it it were purchased at this price

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