Albert Greco paid $1,974 for a $10,000 strip bond 16 years before it reached maturity. What semi-annually compounded nominal rate will Albert earn on his investment?

A) 11.78%

B) 3.17%

C) 5.22%

D) 10.67%

E) 10.40%

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# Albert Greco paid $1,974 for a $10,000 strip bond 16 years before it reached maturity. What semi-annually compounded nominal rate will Albert earn on his investment?

Let's find answer to your question.

A) 11.78%

B) 3.17%

C) 5.22%

D) 10.67%

E) 10.40%