What rate of return per semiannual period did investor make

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A collateral bond with a face value of $5,000 was purchased by an investor for $4,100. The bond was due in 11 years, and it had a bond interest rate of 4% per year, payable semi-annually. If the investor kept the bond to maturity, what rate of return per semiannual period did she make?

Reference no: EM13203866

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