If Pat pays $12,485.52 for a $25,000 face-value, zero-coupon bond that matures in 8 years, what is

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If Pat pays $12,485.52 for a $25,000 face-value, zero-coupon bond that matures in 8 years, what is his annual rate of return?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 17, 2019 10:53 AM

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If Pat pays $12,485.52 for a $25,000 face-value, zero-coupon bond that matures in 8 years, what is

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A 25000 P 12 48552 n 1 t 8 The ...View the full answer

Precalculus

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