A man buys a corporate bond from a bond brokerage house for
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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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
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