Compute the bond total rate of return


The current price of your bond is $895.34 it has an annual coupon rate of 6% and matures in 11 years. Compute the bond's total rate of return or total yield. Please justify your answer and also provide all calculations and formulas.

Answers

A. 7.22

B. 7.57

C. .067

D. 6.76

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Finance Basics: Compute the bond total rate of return
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