Allan purchased a five-year strip bond from the Government of Canada with a $100 000 face value.The equivalent yield is 5.91 percent.What interest will the bond earn over the five-year term?

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The Answer of Allan purchased a five-year strip bond from the Government of Canada with a $100 000 face value.The equivalent yield is 5.91 percent.What interest will the bond earn over the five-year term?

Allan Purchased a Five-Year Strip Bond from the Government of Canada