Question: You paid $ 1 , 0 6 8 . 8 7 for a 2 0 - year bond with a coupon rate of 7 .

You paid $1,068.87 for a 20-year bond with a coupon rate of 7.75%. What would be your annual return rate if you hold the bond until maturity?
7.4%
6.8%
6.7%
7.1%
7.3%
 You paid $1,068.87 for a 20-year bond with a coupon rate

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