What is the pre-tax annual rate of return on the bond, Microeconomics

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What is the pre-tax annual rate of return on the bond

Problem

You buy a bond for $930 that pays $15 interest every 6 months. It will reach maturity in 9 years at which time it will return its face value of $1000 plus the final $15 interest payment. What is the pre-tax annual rate of return on this bond? Estimate to 2 decimal places.

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Microeconomics: What is the pre-tax annual rate of return on the bond

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Microeconomics: What is the pre-tax annual rate of return on the bond

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