Monty purchased a strip bond for his RRSP. He paid $3800 for a $5000 face value bond

Question:

Monty purchased a strip bond for his RRSP. He paid $3800 for a $5000 bond with three years remaining until maturity. What semiannually compounded rate of return will he realize over the three years? (Taken from CIFP course materials.)
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...