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You can pay a discount bond for $700.00. No payments will be made until the bond matures 10 years from now, at which time it
You can pay a discount bond for $700.00. No payments will be made until the bond matures 10 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? 1. 3.63% 6.00% 6.59% 2.26% Cannot be determined
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