You purchase a bond at P5,100. The bond pays P200 per year. It is redeemable for P5,050 at the end of 10 years. What is the net rate of interest on your investment? Select the correct response: 3.75% 3.56% 3.68% 3.85%

Elements Of Electromagnetics
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ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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You purchase a bond at P5,100. The bond pays P200 per year. It is redeemable for P5,050 at the end of 10 years. What is the net rate
of interest on your investment?
Select the correct response:
3.75%
3.56%
3.68%
3.85%
Transcribed Image Text:You purchase a bond at P5,100. The bond pays P200 per year. It is redeemable for P5,050 at the end of 10 years. What is the net rate of interest on your investment? Select the correct response: 3.75% 3.56% 3.68% 3.85%
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