Gustav bought a zero coupon bond in 2010 for $485.19. In 2020, he redeemed it for $1,000.

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What was his internal rate of return on this investment as a percentage to one decimal place?

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Finance for Non Financial Managers

ISBN: 978-0176530839

7th edition

Authors: Pierre Bergeron

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Posted Date: Apr 18, 2024 06:57 AM

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Gustav bought a zero coupon bond in 2010 for $485.19. In 2020, he redeemed it for $1,000.

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To calculate the internal rate of return IRR for Gustavs zero coupon bond investment we c... View the full answer

Finance for Non Financial Managers

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