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1. Maturity Bonds You buy a(n) 20% coupon, 19-year maturity bond for $1,221.04. A year later, the bond price is $2,560.88. a. What is the

1. Maturity Bonds

You buy a(n) 20% coupon, 19-year maturity bond for $1,221.04. A year later, the bond price is $2,560.88. a. What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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