Find nominal and effective rates of return per year

Reference no: EM132160997

Question: A 12%, $50,000 bond is offered for sale at $45,000. If the bond interest is payable monthly and the bond matures in 20 years, what nominal and effective rates of return per year will the purchaser make on the investment? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132160997

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