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Irina just recently sold a $2,000 par value government of Canada zero-coupon bond for $1,100. If the bond matures in 4 years, what is the interest rate received for the asset by Irina? O A 12% O B. 18% OC. 10% OD 16%

Irina just recently sold a $2,000 par value government of Canada zero-coupon bond for $1,100. If the bond matures in 4 years, what is the interest rate received for the asset by Irina? O A 12% O B. 18% OC. 10% OD 16%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Irina just recently sold a $2,000 par value government of Canada zero-coupon bond for $1,100, If the bond matures in 4 years, what is the interest rate received for the asset by Irina? O A 12% O B. 18% OC. 10% OD 16%
Transcribed Image Text:Irina just recently sold a $2,000 par value government of Canada zero-coupon bond for $1,100, If the bond matures in 4 years, what is the interest rate received for the asset by Irina? O A 12% O B. 18% OC. 10% OD 16%
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