Self$-$tightening wedge grips are designed for tensile testing applications up to $1200$ pounds.The cash flow associated with the product

is shown below. Determine the cumulative cash flow after year $2.$

The cumulative cash flow after year $2$ is $A mortgage bond issued by Automation Engineering is for sale for $$7,700.$ The bond has a face value of

$$10,000$ with a coupon rate of $6\%$ per year, payable semi$-$annually. What rate of return will be realized if

the purchaser holds the bond to maturity $6$ years from now?

The rate of return will be

$\%$ per year.