Nominal interest rate as return on your investment

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A 30- year bond has a face value of $5,000.00 and it pays dividend every 2 months at a nominal interest rate of 12%. You purchased the bond for $4, 800.00 at a given time. After 3 years you decided to sell it. What is your selling price if you earned 6% nominal interest rate as return on your investment?

Reference no: EM131293596

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