question archive A man buys a corporate bond from a bond brokerage house for $925
A man buys a corporate bond from a bond brokerage house for $925
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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?
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