Bond X can be bought for $1000 and returned in three years for $1800. Bond Y...

Bond X can be bought for $1000 and returned in three years for $1800. Bond Y can be bought for $5000 and returned for $8000 in five years. Determine which bond has a higher annual rate of return. (Bond X: 21.64%; Bond Y: 9.86%)

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jeff jeffy answered 2 years ago

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