Ellah buys a discount bond for $920. When the bond matures, she redeems it for its face value of $1000. Ellah earned a interest rate on the bond. Enter your answer "as a percent, but without the percentage sign." If Ellah earned 99.99 percent interest, enter only 99.99 in the blank. Carefully follow all mathematical instructions.

Ellah buys a discount bond for $920. When the bond matures, she redeems it for its face value of $1000. Ellah earned a interest rate on the bond. Enter your answer "as a percent, but without the percentage sign." If Ellah earned 99.99 percent interest, enter only 99.99 in the blank. Carefully follow all mathematical instructions.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 13PAE

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