A bond has a face value of 1000 is redeemable in eight
A bond has a face value of $1,000, is redeemable in eight years, and pays interest of $100 at the end of each of the eight years. If the bond can be purchased for $981, what is the rate of return if the bond is held until maturity?
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yoursquove observed the following returns on skynet data corporationrsquos stock over the past five years 12 percent
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