Business
Business, 29.10.2019 07:31, st23pgardner

"a creditor provides a company with $100,000 cash by purchasing bonds at the end of year 1. the creditor receives $6,000 in interest from the company during year 2. the creditor sells the bonds at the end of year 2 or $102,000. what was the rate of return generated by this investment?

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