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PLEASE SHOW AS MUCH DETAIL AS POSSIBLE. I NEED TO KNOW HOW TO DO THIS BY HAND. PLEASE HELP. A man buys a corporate bond
PLEASE SHOW AS MUCH DETAIL AS POSSIBLE. I NEED TO KNOW HOW TO DO THIS BY HAND. PLEASE HELP.
A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4% of its face value each year. I f the bond will be paid off in at the end of 10 years , what rate of return will the man receive?
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