You purchased a bond at a price of $6,200. In 15 years when the bond matures,...

You purchased a bond at a price of $6,200. In 15 years when the bond matures, the bond will be worth $25,000. It is exactly 11 years after you purchased the bond and you can sell the bond today for $17,875. If you hold the bond until it matures, what annual rate of return will you earn from today?

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NO EXCEL FUNCTION. JUST SIMPLE RETURN FORMULA

jeff jeffy answered 1 month ago

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