What annual rate does this bond pay

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Question - Use and plot the problem in excel and the formula functions it provides to complete your answer. (=PV, =FV, =Rate, =Pmt) Show all formulas used within the cells. This is more than a common textbook problem, so do not solve it that way. The point is to use excel and its functions. You pay $25 for a bond that can be redeemed in 20 years for $50. What annual rate does this bond pay?

Reference no: EM133073165

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