Interest rate does the bond offer
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A zero-coupon bond that will pay $1,000 in 12 years is selling today for $318.63. Calculate the bonds offered interest rate. (Do not round intermediate calculations. Round your answer to the nearest whole percent.)
Interest rate __________ %
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This solution discusses how to determine the interest rate of a given bond.
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A zero-coupon bond that will pay $1,000 in 12 years is selling today for $318.63. What interest ...
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