Question: PLEASE EXPLAIN ANSWER AND SHOW WORK SO I MAY UNDERSTAND. NO HANDWRITING PLEASE. I WILL GIVE THUMBS UP. THANK YOU. What is the return on

PLEASE EXPLAIN ANSWER AND SHOW WORK SO I MAY UNDERSTAND. NO HANDWRITING PLEASE. I WILL GIVE THUMBS UP. THANK YOU.

What is the return on a 5% coupon bond that initially sells for $1000 and sells for $900 one year later?

  1. 5%

  2. 10%

  3. -5%

  4. -10%

  5. None of the above.

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