A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4 percent of its face value each year. If the bond will be paid off at the end of 10 years, what rate of return will the main receive?

A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4 percent of its face value each year. If the bond will be paid off at the end of 10 years, what rate of return will the main receive?

Vaishali Yadav

21 Jan 2021

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