You purchased a bond at a price of $2,100. In 30 years when the
bond matures,...
70.2K
Verified Solution
Link Copied!
Question
Finance
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
Answer & Explanation
Solved by verified expert
4.3 Ratings (634 Votes)
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
