Acme bond trading receives a 10 commission on all bond


Acme Bond Trading receives a 10% commission on all bond transactions. If an 8% coupon bond selling for $933 matures in 8 years and is bought from Acme, what is the rate of return? The bond's face value is $1000, and it pays interest annually.

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Business Economics: Acme bond trading receives a 10 commission on all bond
Reference No:- TGS02604568

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