Question: A man purchases a bond for $ 1 , 0 0 0 . The bond has a face value of $ 1 , 8 0

A man purchases a bond for $1,000. The bond has a face value of $1,800 and pays semi-annual interest payments of $75 each. If the bond is paid in full after 10 years, what annual rate of refurn will the man receive?
a.-4.92%
b.8.14%
c.12.05%
d.9.05%
e.18.11%
A man purchases a bond for $ 1 , 0 0 0 . The bond

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