In March 2018, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the dea

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In March 2018, Daniela Motor Financing (DMF), offered somesecurities for sale to the public. Under the terms of the deal, DMFpromised to repay the owner of one of these securities $2,000 inMarch 2043, but investors would receive nothing until then.Investors paid DMF $740 for each of these securities; so they gaveup $740 in March 2018, for the promise of a $2,000 payment 25 yearslater.
Assuming you purchased the bond for $740, what rate of returnwould you earn if you held the bond for 25 years until it maturedwith a value $2,000? (Do not round intermediatecalculations and enter your answer as a percent, rounded to 2decimal places, e.g., 32.16.)
Suppose under the terms of the bond you could redeem the bond in2024. DMF agreed to pay an annual interest rate of 1.5 percentuntil that date. How much would the bond be worth at thattime? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)
In 2024, instead of cashing in the bond for its then currentvalue, you decide to hold the bond until it matures in 2043. Whatannual rate of return will you earn over the last 19years? (Do not round intermediate calculations andenter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)