Monty purchased a strip bond for his RRSP. He paid $3,800 for a $5,000 face value bond with three years remaining until maturity. What semiannually compounded rate of return will he realize over the three years?

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The Answer of Monty purchased a strip bond for his RRSP. He paid $3,800 for a $5,000 face value bond with three years remaining until maturity. What semiannually compounded rate of return will he realize over the three years?

Monty Purchased a Strip Bond for His RRSP