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Homework answers / question archive / A zero-coupon bond that will pay $1,040 in 11 years is selling today for $440

A zero-coupon bond that will pay $1,040 in 11 years is selling today for $440

Finance

A zero-coupon bond that will pay $1,040 in 11 years is selling today for $440.81. What interest rate does the bond offer? (Round your answer to 2 decimal places.) 
Interest rate 

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