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You purchased a bond at a price of $3,000. In 20 years when the bond matures, the bond will be worth $15,000. It is exactly
You purchased a bond at a price of $3,000. In 20 years when the bond matures, the bond will be worth $15,000. It is exactly 14 years after you purchased the bond and you can sell the bond today for $9,150. If you hold the bond until it matures, what annual rate of return will you eam from today? Multiple Choice 77 percent 83 percent 9.5 percent 84 percent 86 percent
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