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Suppose that today you buy a 9% coupon bond making annual payments for $1,150. The bond has 10 years to maturity. What rate of return

Suppose that today you buy a 9% coupon bond making annual payments for $1,150. The bond has 10 years to maturity. What rate of return do you expect to earn on your investment?

I got answer as 6.88% but could not understand please can someone elaborate

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