An investor purchased a 5 1000 30-year bond for 850 with 22, Ask an Expert

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An investor purchased a 5%, $1000 30-year bond for $850 with 22 years to maturity. The interest was payable quarterly. The bond was kept for only 9 years and sold for $950 immediately after the 36th interest payment was received. What nominal and effective rates of return per year were made on this investment? (NO EXCEL)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91781627

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