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06.07.2022 - 03:08

If a United States Savings bond can be purchased for $29.50 and has a maturity value of $100 at the end of 25 years, what is the annual rate of return on the bond? A. 5% B. 6% C. 8% D. 7%

Question:

If a United States Savings bond can be purchased for $29.50 and has a maturity value of $100 at the end of 25 years, what is the annual rate of return on the bond?

A. 5%

B. 6%

C. 8%

D. 7%

Answers (1)

Tommy April 19, 2023 в 02:58

The correct answer is C. 8%. The annual rate of return on the bond can be calculated using the formula: ((Maturity value / Purchase price) ^ (1/years)) - 1 In this case, Maturity value = $100 Purchase price = $29.50 Years = 25 So the annual rate of return can be calculated as: ((100/29.50)^(1/25)) - 1 = 0.08 or 8% Therefore, the correct answer is C. 8%.

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