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Joey Buys a Bond for $10,000 That Will Mature in 25

Question 33

Multiple Choice

Joey buys a bond for $10,000 that will mature in 25 years.He will receive a single payment of $150,000 when the bond reaches maturity.What is the interest rate?


A) 15%
B) 11.44%
C) 114.4%
D) 6.67%
E) 10%

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