A 10000 bond that matures in 20 years with interest at 8


A $10,000 bond that matures in 20 years with interest at 8% per year payable quarterly was issued 4 years ago. If the bond is purchased now for $10,000 and held to maturity, what will be the effective rate of return per quarter to the purchaser?

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Civil Engineering: A 10000 bond that matures in 20 years with interest at 8
Reference No:- TGS0638523

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