An investor purchased a 5%, $5000 bond for $4000.The
Chapter , Problem 7-37(choose chapter or problem)
An investor purchased a 5%, $5000 bond for $4000.The interest was payable quarterly, and the bondsmaturity was 20 years. The bond was kept for only 9years and sold for $4200 immediately after the 36thinterest payment was received. What nominal andeffective rates of return per year were made on thisinvestment?
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