An Investor Buys a 5-Year,9% Coupon Bond for $975,holds It

question 7

Multiple Choice

An investor buys a 5-year,9% coupon bond for $975,holds it for 1 year,and then sells the bond for $985.What was the investor's rate of return?

• A) 9.00%
• B) 9.23%
• C) 9.65%
• D) 10.26%

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