Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin

تمرين 10

Jamal bought a 5% $000 20-year bond for $25.He received a semiannual dividend for 8 years, then sold it immediately after the 16th dividend for $00.Did Jamal make the return of 5% per year compounded semiannually that he wanted?