Mathematics, 13.02.2021 08:50 ksawyer745
Two bonds are available on the market as follows:
Bond 1: Face value $750, y years to maturity at a (simple) interest rate of 5%.
Bond 2: Face value $500, 3 years to maturity at a (simple) interest rate of r.
Given that the total return of Bond 1 is $1,000 calculate y.
Round your answer to the nearest year.
Answers: 1
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