12)Alex buys a bond for $10,000 and receives interest payments of $500 every six months. The interest rate on the bond is approximately Group of answer choices 4 percent. 8 percent. 10 percent. 15 percent.

12)Alex buys a bond for $10,000 and receives interest payments of $500 every six months. The interest rate on the bond is approximately Group of answer choices 4 percent. 8 percent. 10 percent. 15 percent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

12)Alex buys a bond for $10,000 and receives interest payments of $500 every six months. The interest rate on the bond is approximately

Group of answer choices

4 percent.

8 percent.

10 percent.

15 percent.

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