Solution) Hazel can purchase a $10,000 bond which matures in 5 years and pays dividends quarterly with a state


Question: Hazel can purchase a $10,000 bond which matures in 5 years and pays dividends quarterly with a stated interest rate of 8%. If she pays $9,250 for the bond, what is the actual annual rate of return on this investment?

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Answer: The solution consists of 1 page
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