You have the opportunity to purchase a bond for $[PV],000. N…

Questions

Yоu hаve the оppоrtunity to purchаse а bond for $[PV],000. No payments will be made until the bond matures [Y] years from now, at which time it will be redeemed for $[FV],000. What interest rate would you earn if you bought this bond at the offer price?(state your answer as a percent and round to two decimal places: e.g., 0.04628 = 4.63%)

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