Calculate the rate of return under the scenario you, Financial Management

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Calculate the rate of return under the scenario you

Can someone please show me how to calculate this problem with all the steps.

Calculate the rate of return under the following scenario: You purchase a coupon bond with a coupon rate = 5.5% and a face value of $1,000 for $1,100. You hold the bond for one year, receive 1 coupon payment and sell the bond for $ 1,050. What is your rate of return?

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