Business, 24.03.2020 20:16, britishgirl1

A $10,000 mortgage bond with a bond interest rate of 12% per year, payable quarterly, was purchased for $8,800. The bond was kept until it was due, a total of 5 years. What is correct equation (PWr-PWd=0) to calculate the rate of return "i*" made by the purchaser of the bond?

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A $10,000 mortgage bond with a bond interest rate of 12% per year, payable quarterly, was purchased...