What rate of return will the man receive

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A man buys a corporate bond from a bond brokerage house for$875.The bond has a face value of $1000 and a 4% coupon rate paid semiannually.if the bond will be paid off at the end of 12 years what rate of return will the man receive.

Solve using cash flow and compound interest table and please neat and clean handwritten step by step.

Reference no: EM132492111

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