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Problem:

When originally issued, the bonds were sold for $960 per bond; today their current market price is $1,065 per bond and company pays a semiannual interest of $45 per bond.

Required:

Question: If an investor purchases a bond 10 years ago when the bond was first issued and sold the bond today, what is the rate of return received by the investor?

Note: Solve the problem and show all work.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174322

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