If you buy a bond and sell it for $820 immediately following the 10th interest payment, what is your effective annual rate of return? Click here to access the TVM Factor Table calculator. | % Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.02. e Textbook and Media Hint Pis the purchase price of a bond, P = $925. Fis the sales price of a bond, F = $820. Vis the face value of a 1 = $1,000. r is the nominal annual rate compaunded semiannually. Note that r needs to be a decimal if using mathematical formula, r = 0.06 for 6%. mis a number of semiannual periods per year, m = 2 periods. n is the number of years of bond maturity, n = 5 years. This problem can be solved by using a tabulated factor provided in Appendix A or by using Excel function