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Economics

Stuck on this assignment.

You buy a bond for $1118 that pays $20 interest every 6 months. It will reach maturity in 9 years at which time it will return its face value of $1000 plus the final $20 interest payment. What is the pre-tax annual rate of return on this bond?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403959

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