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.

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Two bonds are available on the market as follows: Bond 1: Face value $750, y years to maturity at a...