Question
(Bondholders' expected rate of return) Zenith Co.'s bonds mature in 19 years and pay 12 percent interest annually. If you purchase the bonds for $825,
(Bondholders' expected rate of return) Zenith Co.'s bonds mature in 19 years and pay 12 percent interest annually. If you purchase the bonds for $825, what is your expected rate of return? Your expected rate of return is nothing%. (Round to two decimal places.)
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
