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Please only answer the question if you have knowledge of economics. This is engineering economics 5 Problem 07.046-IRR of a bond purchased at discount rate

Please only answer the question if you have knowledge of economics. This is engineering economics image text in transcribed
5 Problem 07.046-IRR of a bond purchased at discount rate A mortgage bond issued by Automation Engineering is for sale for $8,800. The bond has a face value of $10,000 with a coupon rate of 7% per year, payable monthly what rate of return wil be realized if the purchaser holds the bond to maturity 10 years from now? points eBook Hint Print The rate of return will be [ % per year

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