An engineer bought a 1000 bond of an american airline for, Microeconomics

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An engineer bought a 1000 bond of an american airline for

An engineer bought a $1000 bond of an American airline for $875 just after an interest payment had been made. The bond paid a six percent coupon interest rate semi annually. What nominal rate of return did the engineer receive from the bond if he held it 13.5 years until its maturity?

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Microeconomics: An engineer bought a 1000 bond of an american airline for

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