Explain what would the sale price require to be to obtain


An investor buys a 3% 20-year bond with a face value of $1000 for $1088. After receiving the semiannual dividend payments for 11 years, the investor decides to sell it. Explain what would the sale price require to be to obtain an ROI of 4% per year compounded semiannually for the time the bond was held?

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Macroeconomics: Explain what would the sale price require to be to obtain
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