Jamal bought a 5 1000 20-year bond for 825 he received a
Jamal bought a 5% $1000 20-year bond for $825. He received a semiannual dividend for 8 years, then sold it immediately after the 16th dividend for $800. Did Jamal make the return of 5% per year compounded semiannually that he wanted?
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jamal bought a 5 1000 20-year bond for 825 he received a semiannual dividend for 8 years then sold it immediately after
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