Calculate the bonds offered interest rate
Question:
A zero-coupon bond that will pay $1,000 in 12 years is selling today for $318.63. Calculate the bonds offered interest rate. (Do not round intermediate calculations. Round your answer to the nearest whole percent.)
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Question: A zero-coupon bond that will pay $1,000 in 12 years is selling today for $318.63. Calculate the bonds offered interest rate.
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