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  • 03-06-2023
  • Business
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A 10-year, 6% coupon bond with a face value of $1,000 is currently selling for $920. The
coupon is paid annually. What would your rate of return be if you buy the bond today and sell it in
one year for $940?
The correct answer is 8.70%. Can you show me how to get their when using a financial calculator?

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