Question: please explain this because i dont get it. thanks 7. (10 pts). Marlo purchased a 5-year, $5000 bond with a bond rate of 8% payable

please explain this because i dont get it. thanks

7. (10 pts). Marlo purchased a 5-year, $5000 bond with a bond rate of 8% payable quarterly for face value when it was issued. After receiving half the dividends, Mario sells the bond to Hannah for $4500. What do you know about Marlo's annual effective yield rate? NOTE - You do NOT have to solve for an interest rate to answer this question..... 9500 Since Marlo sold he band for less than face valul, her yield note w/ be less Than The band rate ann eff geeld

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