A bond was purchased for 2100intrest of 110 was paid every


A bond was purchased for $2100.Intrest of $110 was paid every 6 months. The bond was sold at the end of the third year for $2000.What is the annual effective rate of return earned on this bond?

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Business Economics: A bond was purchased for 2100intrest of 110 was paid every
Reference No:- TGS01291417

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