Determine rate of return
Question: If someone purchase a zero coupon bond today for 225 dollars & it matures at 1,000 dollars in eleven years, Determine rate of return will you earn on that bond [to the nearest 10th of one percent?
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If someone purchase a zero coupon bond today for 225 dollars & it matures at 1,000 dollars in eleven years. Determine rate of return will you earn on that bond.
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