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2. You buy a 12%, 7-year bond with a yield to maturity of 10.5%. A. What is the price on this bond? B. One year

2. You buy a 12%, 7-year bond with a yield to maturity of 10.5%. A. What is the price on this bond? B. One year later, the yield to maturity on the bond is 9%. What is the price of the bond at this time? C. Calculate your percentage return on this bond if you sell at this time.

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