Derrielle6344 Derrielle6344
  • 22-03-2024
  • Business
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Robert paid $905 for a 10-year bond with a coupon rate equal to 8% when it was issued on January 2. If Robert sold the bond at the end of the year in which it was issued for a market price of $925, what return would he earn?
A) 9.94%
B) 11.05%
C) 10.60%
D) 8.85%

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