On January 1, 2020 a discount bond promises to pay $115 after five years on January 1, 2025 and is selling for $100. What is the 5-year interest rate on this bond? Use the approximate formula we used...


On January 1, 2020 a discount bond promises to pay $115 after five years on January 1, 2025 and is<br>selling for $100. What is the 5-year interest rate on this bond?<br>Use the approximate formula we used in the lecture.<br>The 5-year interest rate-<br>percent.<br>

Extracted text: On January 1, 2020 a discount bond promises to pay $115 after five years on January 1, 2025 and is selling for $100. What is the 5-year interest rate on this bond? Use the approximate formula we used in the lecture. The 5-year interest rate- percent.

Jun 06, 2022
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