The bank offers to sell you a bond for 585.43. No payment will be made until the bond matures 10 years from now at which time it will be redeemed for 1000. What interest rate would you earn if you bought this bond for 585.43? What rate would you earn if you could buy the bond for 550? For 600

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A: given, future value of note = $1000 n=15 months = 1512year rate = 7% present value of =$850

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A: Given:

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