What rate of return will the man receive

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Question: A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4% of its face value each year. I f the bond will be paid off in at the end of 10 years , what rate of return will the man receive? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131795064

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