What Is The Rate Of Return For An Investor Who Pays 1 054 47 For A Three Year Bo

What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19? Assume that bond pays annual coupon payment.

Question 38 options:

5.00%

5.33%

6.46%

7.00%

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