What is the rate of return of the bond, Microeconomics

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What is the rate of return of the bond

Problem

Acme Bond Trading receives a 10% commission on all bond transactions. If an 8% coupon bond selling for $933 matures in 8 years and is bought from Acme, what is the rate of return? The bond's face value is $1000, and it pays interest annually.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the rate of return of the bond

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