6. A savvy investor paid $7,000 for a 20-year $10,000 mortgage bond that had a bond interest rate of per year payate quartely Three years after he purchased the bond, market Interest rates went down...

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Extracted text: 6. A savvy investor paid $7,000 for a 20-year $10,000 mortgage bond that had a bond interest rate of per year payate quartely Three years after he purchased the bond, market Interest rates went down so the bond increased in value the investo scd the bond for $11,500 three years after he bought it, what rate of return did the investor make per quartet and per year nomin The rate of return per quarter is 0154 05 The rate of return per year is