Vic zaloom bought a corporate bond from ibem corporation


Vic Zaloom bought a corporate bond from IBEM Corporation for $100,000. The face value of the bond is $100,000 and will mature in twenty years. A $2,500 dividend is expected to be paid every quarter. If Vic plans to keep the bond until maturity, determine the effective rate of return he is getting on this investment.

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Microeconomics: Vic zaloom bought a corporate bond from ibem corporation
Reference No:- TGS0944413

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