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2. The twenty-year bond yields 6.9% and has a coupon of 8.8%. Assume annual coupon payments and a face value of $100. a) If this
2. The twenty-year bond yields 6.9% and has a coupon of 8.8%. Assume annual coupon payments and a face value of $100. a) If this yield-to-maturity remains unchanged, what will be its price at year 0? What will be its price at year 1? b) What is the total return to an investor who held the bond over this year
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