Six years ago you bought a bond for 976 the bond had 15, Ask an Expert

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Six years ago you bought a bond for $976. The bond had 15 years until maturity, a coupon rate of 7% with semiannual payments, and a face value of $1000. Today the bond is worth $1,036. If you sold the bond today, what rate of return would you have earned on your investment?

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