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NYC NYC
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8 years ago
If a bond was to pay off one year from now for $110 and was purchased for $100, what is the interest rate?
A) 10%
B) 5%
C) 1%
D) 20%
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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Answer verified by a subject expert
JesslynJesslyn
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8 years ago
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NYC Author
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8 years ago
Perfect answer, thank you
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