Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 39

A recently issued industrial bond with a face value of $10,000 has a coupon rate of 8% per year, payable annually. The bond matures 20 years from now. Jeremy is interested in buying one bond. If he pays $10,000 for the bond and plans to hold it to maturity, what rate of return per year will he realize