A $1,000, 10%, eight-year bond, compounded semi-annually, sells for $900. What is the current interest rate? Hint:

Question:

A $1,000, 10%, eight-year bond, compounded semi-annually, sells for $900. What is the current interest rate? Hint: You can think of this as an question. Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...