Multiple Choice
An investor buys a five-year, 9 percent coupon bond for $975, holds it for one year and then sells the bond for $985.What was the investor's rate of return?
A) 9.00 percent
B) 9.23 percent
C) 9.65 percent
D) 10.26 percent
Correct Answer:
Verified
Correct Answer:
Verified
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