Multiple Choice
If a US Saving bond can be purchased for $29.50 and has a maturity value at the end of 25 years of $100,what is the annual rate of return on the bond?
A) 5 percent
B) 6 percent
C) 7 percent
D) 8 percent
E) 4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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