Elucidate what is his irr for this investment

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Reference no: EM1357686

Jerry has an opportunity to buy a bond with a face value of £10 000 and a coupon rate of 14%, payable semiannually

(a) If the bond matures in five years and Jerry can buy one now for £3500, what is his IRR for this investment?

Reference no: EM1357686

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