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13. value: 10.00 points years from now at its $13,000 face value can be purchased today for A strip bond that will mature 7 $

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Answer #1

Function Arguments ? X RATE Nper 7.5*2 Pmto Pv -9042 FV 13000 Type o 1 1 1 1 = 15 = 0 = -9042 = 13000 = 0.024499907 Returns t

Hence, Nominal rate of return is 2.45%

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