Eight years ago, Natalia purchased an 8.25% $1,000 bond for 107 1/2 plus brokerage fees totaling $28. Natalia received interest checks semiannually Immediately after receiving her 16th interest check, she sold the bond for 114 less brokerage fees totaling $55. Calculate Natalia's rate of return.  

Answer rating: 100% (QA)

To calculate Natalias rate of return on the bond investment we need to consider the initial purchase ... View the full answer