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1. Assume you bought a 7.50% annual coupon bond one year ago for R1 450. The bond is currently selling for R1 200. The par

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1. Assume you bought a 7.50% annual coupon bond one year ago for R1 450. The bond is currently selling for R1 200. The par value of the bond is R1 000. Calculate the total percentage return on the bond for the past year. 2. You are prepared to make monthly payments of R150 into an account that pays 10% interest compounded monthly. The payments will be made at the beginning of the month. Calculate how many monthly payments you will make in order to reach an account balance of R25 000. N

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