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Author Question: Suppose you purchase an eight-year bond for $5000. The face value of the bond when it matures is ... (Read 445 times)

jrubin

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Question 1

Suppose you purchase an six-year bond for $7200. The face value of the bond when it matures is $9144. Find the APR.
◦ 4%
◦ 4.75%
◦ 4.25%
◦ 4.5%
◦ 5%

Question 2

Suppose you purchase an eight-year bond for $5000. The face value of the bond when it matures is $6550. Find the APR.
◦ 4%
%
%
◦ 3.5%
◦ 3%


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Marked as best answer by jrubin on May 5, 2020

ebonylittles

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