Shannon purchases a bond for 114238 the bond matures in 3
Shannon purchases a bond for $1,142.38. The bond matures in 3 years, and she will redeem it at its face value of $1,200. Interest premiums are paid annually. If Shannon will earn a yield of 9%/year compounded yearly, what is the bond interest rate?
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shannon purchases a bond for 114238 the bond matures in 3 years and she will redeem it at its face value of 1200
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