If a US Saving Bond Can Be Purchased for $29

question 5

Multiple Choice

If a US Saving 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) 5 percent
• B) 6 percent
• C) 7 percent
• D) 8 percent
• E) 4 percent

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Definitions:

CBS/New York Times Poll

A public opinion poll conducted by CBS News and The New York Times, aimed at gauging public sentiment on various political, social, and economic issues.

Conformity

The act of aligning one's beliefs, attitudes, and behaviors with societal norms or group standards.

Mass Media

Channels of communication such as television, radio, newspapers, and the internet, used to disseminate information or entertainment to a large audience.

Deviance

Behavior that violates the norms or expectations of a social group or society, which can lead to negative sanctions.