If a Canada Savings Bond Can Be Purchased for $29

question 82

Multiple Choice

If a Canada Savings bond can be purchased for $29.50 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond?

• A) 6 percent
• B) 5 percent
• C) 7 percent
• D) 8 percent

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Definitions:

Remarriage

The act of marrying someone after being divorced or widowed from a previous marriage.

Previous Friendships

Relationships of mutual affection with individuals whom one has been friends with in the past.

Long-term Partnership

A committed relationship between two individuals that is intended to last a significant amount of time, often involving cohabitation or marriage.

Crucial Aspect

An essential element or feature of something.