Bond and company pays a semi-annual interest

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When originally issued, the bonds were sold for $960 per bond; today their current market price is $1,065 per bond and company pays a semi-annual interest of $45 per bond. If an investor purchases a bond 10 years ago when the bond was first issued and sold the bond today, what is the rate of return received by the investor?

Reference no: EM13763220

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