A 12 50000 bond is offered for sale at 45000 if bond


A 12%,$ 50,000 bond is offered for sale at $45,000. If bond interest is payable monthly and the bond matures in 20 years, what nominal and effective rates of return per year will the purchaser make on the investment?

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Civil Engineering: A 12 50000 bond is offered for sale at 45000 if bond
Reference No:- TGS0655604

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