Determine the rate of return for an investor


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?

A) 5.00%

B) 5.33%

C) 6.46%

D) 7.00%

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Accounting Basics: Determine the rate of return for an investor
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