Using graphical method determine the nominal rate of return, Financial Management

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Using graphical method determine the nominal rate of return

You purchased a bond for $935. The bond has a face value of 1,000 and it pays a dividend at 9% annual rate twice a year. You sold the bond for $910 after 3 years. Using graphical method determine the nominal rate of return that you earned on this bond.

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Financial Management: Using graphical method determine the nominal rate of return

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Financial Management: Using graphical method determine the nominal rate of return

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