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Business, 24.02.2020 19:03 mmelody5

Jamal bought a 5% $1000 20-year bond for $925. He received a semiannual dividend for 8 years, then sold it immediately after the 16th dividend for $800. Did Jamal make the return of 5% per year compounded semiannually that he wanted?

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Jamal bought a 5% $1000 20-year bond for $925. He received a semiannual dividend for 8 years, then s...

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