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15. Bond Returns. You buy an 8% coupon, 10-year-maturity bond for $980. A year later, the bond price is $1,200. (Assume annual coupon payments.)

15. Bond Returns. You buy an 8% coupon, 10-year-maturity bond for $980. A year later, the bond price is $1,200. (Assume annual coupon payments.) (L06-2) 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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