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1.a. How much would you pay for a 10-year bond with a face value of $1,000 and a coupon rate of 8% if you wanted
1.a. How much would you pay for a 10-year bond with a face value of $1,000 and a coupon rate of 8% if you wanted a 5% yield to maturity?
b. Find the rate of return for this bond if you plan to sell it after four years for $1,259.34.
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