You are considering investing in a zero-coupon bond that sells for $250. At maturity in 16 years it will be redeemed for
Posted: Thu Jul 21, 2022 8:56 pm
You are considering investing in a zero-coupon bond that sells for $250. At maturity in 16 years it will be redeemed for $1,000. What approximate annual rate of growth does this represent?
A. 8%
B. 9%
C. 12%
D. 25%
A. 8%
B. 9%
C. 12%
D. 25%