19. Bond Returns. You buy an 8% coupon, 10-year maturity bond for $980. A year later, the...

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19. Bond Returns. You buy an 8% coupon, 10-year maturity bond for $980. A year later, the bond price is $1,100. (LO2)

a. What is the new yield to maturity on the bond?

b. What is your rate of return over the year?

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Fundamentals Of Corporate Finance

ISBN: 9780073382302

6th Edition

Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus

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Question Posted: Jul 31, 2024 10:00 AM

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19. Bond Returns. You buy an 8% coupon, 10-year maturity bond for $980. A year later, the...

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Fundamentals Of Corporate Finance

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