14 A corporate bond is sold for 920 It pays interest of 60

Last updated: 3/26/2024

14 A corporate bond is sold for 920 It pays interest of 60 every year and is valid for 10 years At the end of 10 years the bond issuer will redeem the bond for 1000 If you purchase the bond and hold it for the 10 years what would your rate of return be