Nathan bought a zero coupon bond in 2003 for $485.19. In 2013 he redeemed it for $1,000. His internal rate of return on this investment was

A) 206.1%.
B) 20.6%.
C) 7.5%.
D) 0.00%.

Answer: C

Business

You might also like to view...

Which of the following institutions simplifies financial settlements between buyers and sellers in different countries?

A) The U.S. State Department B) The International Monetary Fund C) The World Bank D) Commercial banks E) The Internet

Business

The Public Company Accounting Oversight Board, which has authority to set accounting standards and discipline CPAs for misconduct, was established by the:

a. Safe Harbor Act of 1995 b. Securities Act of 1933 c. Securities Exchange Act of 1934 d. Securities Litigation Reform Act of 1995 e. none of the other choices are correct

Business