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You have just made an investment for GH 747.25. No payments will be made until the investment matures 5 years from now, at which time
You have just made an investment for GH 747.25. No payments will be made until the investment matures 5 years from now, at which time it will be redeemed for GH 1,000. What interest rate will you earn on this bond?
A) 4.37% B) 6.00% C) 3.559%
D) 7.00% E) 4.00%
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