How much is the interest rate on a bond


Problem

How much is the interest rate on a bond that has a face value of $1,000, a selling price of $800, and that pays $80 interest?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: How much is the interest rate on a bond
Reference No:- TGS02134845

Expected delivery within 24 Hours