If a $ 3.000, 12% semiannual bond is purchased for $3.100 and sold 5 years later for $2.900. What was the quarterly yield on the investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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If a $ 3,000, 12% semiannual bond is purchased for $3,100 and sold 5 years later for $2,900.
What was the quarterly yield on the investment?
Transcribed Image Text:9:37 O 4woa9idón7Eqdoc32r5kmr.J.. If a $ 3,000, 12% semiannual bond is purchased for $3,100 and sold 5 years later for $2,900. What was the quarterly yield on the investment?
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