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You bought a 5 year 10% coupon bond at 975 and sold it for $980 after holding it for 3 years. (you received $100 coupon

You bought a 5 year 10% coupon bond at 975 and sold it for $980 after holding it for 3 years. (you received $100 coupon each year.) What is the annual rate of return?

A) = RATE (3,100,-975,980)

B) = RATE(5, 100, -975, 980)

C) = RATE (3,97.5,-975,980)

D) = RATE (5,100,975,980)

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