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What annual rate of interest did you earn on bond

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Reference no: EM132203980

You buy a US Treasury bond for a price of $1000. This bond does not make any payments until it can be redeemed at maturity, which is in 10 years. At maturity, the bond can be redeemed for $1500. What annual rate of interest did you earn on this bond?

Reference no: EM132203980

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