The purchase price is 360 after 6 years jack sells this


Jack buys a $445 bond that pays interest twice yearly at 15% p.a. and is redeemable at par in 10 years. The purchase price is $360. After 6 years, Jack sells this bond to Chris for $280. What yield j2 does Jack realise on his investment?

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Finance Basics: The purchase price is 360 after 6 years jack sells this
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