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1.00 punts The YTM on a bond is the interest rate you earn on your investment if interest rates don't change. If you actually sell

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1.00 punts The YTM on a bond is the interest rate you earn on your investment if interest rates don't change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY) a. Suppose that today you buy a bond with an annual coupon of 11 percent for $1,060. The bond has 20 years to maturity. What rate of return do you expect to eam on your investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32. 16.) Expected rate of return 6-1. Two years from now, the YTM on your bond has declined by 1 percent, and you decide to sell. What price will your bond sell yor? (Do not round intermediate calculations. Round your answer to 2 decimal places. e.g. 32.16.) Bond price 6.2.What is the HPY on your investment? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) HPY Hints References eBook & Resources Hint #1 Hint #2

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