What was his average annual compound rate of return

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Question

Randy purchased 10 zero-coupon bonds at 10% of par (par is $1,000) 35 years ago. Today the bonds matured.

What was his average annual compound rate of return on this investment before tax?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132067456

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