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Compute the rate of return for the following cash flow: A man buys corporate bond from a bond brokerage house for $875. The bond has
Compute the rate of return for the following cash flow: A man buys corporate bond from a bond brokerage house for $875. The bond has a face value of $1,000 and a 4% coupon rate paid semi-annually. If the bond will be paid off at the end of 12 years, what rate of return will the man receive
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
