Erin buys a bond that pays no coupon payments for $160. When the bond matures, she receives $200.   Erin earned an interest rate of ____________ percent on this bond.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter16: Interest, Rent, And Profit
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Erin buys a bond that pays no coupon payments for $160. When the bond matures, she receives $200.

 

Erin earned an interest rate of ____________ percent on this bond.

 

(Enter your answer "as a percent, but without the percentage sign." If you think Erin earned 99.99 percent interest, enter only 99.99 in the blank.)

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