A government security is purchased today with a maturity of exactly one year. The par value is $15,000 and the security is purchased for $14,000. What is the interest rate? 7.14% O 6.67% O 5.75% 8.25%

A government security is purchased today with a maturity of exactly one year. The par value is $15,000 and the security is purchased for $14,000. What is the interest rate? 7.14% O 6.67% O 5.75% 8.25%

College Physics

11th Edition

ISBN:9781305952300

Author:Raymond A. Serway, Chris Vuille

Publisher:Raymond A. Serway, Chris Vuille

Chapter1: Units, Trigonometry. And Vectors

Section: Chapter Questions

Problem 1CQ: Estimate the order of magnitude of the length, in meters, of each of the following; (a) a mouse, (b)...

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Question

A government security is purchased today with a maturity of exactly one year. The par value is
$15,000 and the security is purchased for $14,000. What is the interest rate?
O 7.14%
6.67%
O 5.75%
O 8.25%

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