chambless3111 chambless3111

03-01-2024
Business

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Two years ago, Bob purchased a 20 year $1,000 par value zero-coupon bond for $311.80. If today (with 18 years to maturity) the bond is priced to yield at 4.75%, what is his annualized return if he sells the bond. Please round your answer 2 decimal places.

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