Suppose the Government of Canada offers to sell you a bond for $747.25.No payments will be made until the bond matures 5 years from now,at which time it will be redeemed for $1,000.What interest rate would you earn if you bought this bond at the offer price?

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The Answer of Suppose the Government of Canada offers to sell you a bond for $747.25.No payments will be made until the bond matures 5 years from now,at which time it will be redeemed for $1,000.What interest rate would you earn if you bought this bond at the offer price?

Suppose the Government of Canada Offers to Sell You a Bond