American_Bankers_Association
CTFA · Question #273
CTFA Question #273: Real Exam Question with Answer & Explanation
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Question
You are considering investing in a zero-coupon bond that sells for $250. At maturity in 16 years it will be redeemed for $1,000. What approximate annual rate of growth does this represent?
Options
- A8%
- B9%
- C12%
- D25%
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