You are thinking about buying a savings bond. The bond costs $50 today and will mature in

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You are thinking about buying a savings bond. The bond costs $50 today and will mature in 10 years with a value of $100. What annual interest rate will the bond earn?

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Question Posted: Jan 14, 2012 02:22 AM

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You are thinking about buying a savings bond. The bond costs $50 today and will mature in

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Plan This problem is asking us to solve for the rate of return r Because there are no recurring ...View the full answer

Fundamentals of Corporate Finance

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