If a Canada Savings Bond Can Be Purchased for $14

question 108

Multiple Choice

If a Canada Savings bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond?

• A) 7 percent
• B) 9 percent
• C) 6 percent
• D) 8 percent

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