At maturity the bond returns the original 1000 if there is
A man bought a 5% tax-free municipal bond. It cost a $1000 and will pay $50 interest each for 20 years. At maturity the bond returns the original $1000. If there is 2% annual inflation, what real rate of return will the investor receive?
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a man bought a 5 tax-free municipal bond it cost a 1000 and will pay 50 interest each for 20 years at maturity the bond
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