Compute the bond total rate of return


Problem:

The current price of your bond is $895.34 It has an annual coupon rate of 6% and matures in 11 years.

Requirement:

Question: Compute the bond's total rate of return or total yield. Please explain in detail and also provide step by step solution.

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Finance Basics: Compute the bond total rate of return
Reference No:- TGS0876650

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