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You are considering investing in a zero-coupon bond that will pay you its face value of $ 100 in twelve years. If the bond is
You are considering investing in a zero-coupon bond that will pay you its face value of $ 100 in twelve years. If the bond is currently selling for $39.71, then the internal rate of return (IRR) for investing in this bond is closest to: A. 10.2% B. 9.1% C. 7.0% D. 8.0%
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