Question: You paid $ 1 , 3 4 4 . 7 6 for a 2 5 - year bond with a coupon rate of 9 .

You paid $1,344.76 for a 25-year bond with a coupon rate of 9.75%. What would be your annual return rate if you hold the bond until maturity?
7.0%
7.1%
6.6%
6.9%
6.5%
You paid $ 1 , 3 4 4 . 7 6 for a 2 5 - year bond

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