Question: answer is in red. please do by hand with the guess method for positive rating Jamal bought a $1000 bond for $825. The coupon rate

answer is in red. please do by hand with the guess method for positive rating

Jamal bought a $1000 bond for $825. The coupon rate is 5%, and lifetime 20 years. He received a semiannual dividend for 8 years, then sold it immediately after the 16th dividend for $800. Determine the rate of return per year compounded semiannually? 4, emiannual ROR-2.88%, annual ROR-5.84%

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