Sam buys a teo bond with a face value of 1000 for 900 what
Problem
Sam buys a TEO bond with a face value of $1,000 for $900. The bond matures in 10 years and pays a coupon interest rate of 6% every quarter. What is the annual effective interest rate of return if Sam holds the bond to maturity?
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problemsam buys a teo bond with a face value of 1000 for 900 the bond matures in 10 years and pays a coupon interest
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