If a United States saving bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond?
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
E) 10 percent
C
Business
You might also like to view...
Equipment depreciation is an example of a direct product cost in a manufacturing company
Indicate whether the statement is true or false
Business
Identify a few situations in which price cuts or price increases might be necessary
What will be an ideal response?
Business
A test market has a profile similar to that of the control market, but it does not receive any special treatment
Indicate whether the statement is true or false
Business
Alice offers to sell her car to Barry for $500, and Barry accepts. Alice's car has a market value of $1,000 but this fact is unknown to Alice. The contract is enforceable
a. True b. False Indicate whether the statement is true or false
Business