Janice V. bought a 5% $1000 twenty-year bond for$925. She
Chapter 7, Problem 7.48(choose chapter or problem)
Janice V. bought a 5% $1000 twenty-year bond for$925. She received a semiannual dividend for8 years, then sold it immediately after the 16thdividend for $800. What rate of return did shemake (a) per semiannual period, and (b) per year(nominal)?
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