Multiple Choice
If a United States saving bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100,what is the annual rate of return on the bond?
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
E) 10 percent
Correct Answer:
Verified
Correct Answer:
Verified
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