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Suppose the U.S. Treasury offers to sell you a bond for $8,000. No payments will be made until the bond matures 20 years from now,

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Suppose the U.S. Treasury offers to sell you a bond for $8,000. No payments will be made until the bond matures 20 years from now, at which time it will be redeemed for $11,500. What interest rate would you earn if you bought this bond at the offer price? 1.83% 3.05% 2.38% 1104

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