A company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield junk bonds

Economics Dec 14, 2020

A company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield junk bonds. If the bonds are now worth $2.8 million, what rate of return per year did the company make on the basis of (a) simple interest (10p) (b) compound interest?

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