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The U.S. Treasury offers to sell you a bond for $715.00. No payments will be made until the bond matures 15 years from now, at
The U.S. Treasury offers to sell you a bond for $715.00. No payments will be made until the bond matures 15 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? Show your inputs or Excel formula. Please be very thorough with the steps
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