Question: A U . S . Treasury strip that will pay $ 1 , 0 0 0 in 1 5 years is selling today for $

A U.S. Treasury strip that will pay $1,000 in 15 years is selling today for $315.24. What interest rate does the bond offer?
Note: Do not round intermediate calculations. Enter your answer as a whole percent.
Interest rate
%
A U.S. Treasury strip that will pay $1,000 in 15 years

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