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hondrala
Oct 24, 2008, 01:50 PM
The U.S. Treasury offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price?

manik chand dey
Oct 25, 2008, 12:09 AM
future value(1000)=present value,613.31(1+r)^10