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Exactly 7 years ago, you bought a $1,000 par value paying 9.0% coupons on a semiannual basis for $1076.95. Over the 7 years you reinvested
Exactly 7 years ago, you bought a $1,000 par value paying 9.0% coupons on a semiannual basis for $1076.95. Over the 7 years you reinvested the coupon payments and received a total of $63.26. You believe you will be able to sell the bond today for $1,021.50. What is the total annual return of your bond? Submit your final answer as a percentage rounded to 2 decimals. The answer is 6.76%, I just don't know how to get it
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