You purchased a bond at a price of $2,100. In 30 years when thebond matures, the bond will be worth $15,000. It is exactly 22years after you purchased the bond and you can sell the bond todayfor $11,100. If you hold the bond until it matures, what annualrate of return will you earn from today?
7.9 percent
6.8 percent
3.5 percent
4.3 percent
3.8 percent
