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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
What is the rate of return for an investor who pays $1054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19?
A) 5.00%Â
B) 5.33%Â
C) 6.46%Â
D) 7.00%Â
Could you please show your work on how to derive at the correct answer? I prefer to be showed the solution using a financial calculator if possible
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