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Elena Owns a Canada Savings Bond with a A Price

Question 72

Multiple Choice

Elena owns a Canada Savings Bond with a a price of $5,000, which pays $500 per year. The price of the bond rises in the bond market to $7,500. What is the new interest rate on the bond?


A) 5 percent
B) 6.67 percent
C) 10 percent
D) 20 percent
E) 500 percent

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