A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ? January 21, 2019 – by admin A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment ? A. 3.0% B. 3.4% C. 3.7% D. 4.0%
