Janice V. bought a 5% $1000 twenty-year bond for $925. She received a semiannual dividend for 8
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Janice V. bought a 5% $1000 twenty-year bond for $925. She received a semiannual dividend for 8 years, then sold it immediately after the 16th dividend for $800. What rate of return did she make
(a) Per semiannual period, and
(b) Per year (nominal)?
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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a Dividend 10000052 25 per 6 months ...View the full answer
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