3. You purchase a bond today issued by XYZ Manufacturing with a $1,000 par value and a coupon rate of 7%. The bond matures in 6 years, pays annual coupons, and the yield to maturity is 8% when you purchase the bond. Suppose you sell the bond one year from today and the yield to maturity at that time is 6%. (20 points total)

What was your purchase price for the bond?

At what price did you sell the bond?

What was your total return on the bond (in both dollar and percentage terms)?

3. You purchase a bond today issued by XYZ Manufacturing with a $1,000 par value anda coupon rate of 7%. The bond matures in 6 years, pays annual coupons, and the yield to maturity is 800 when you purchase the bond. Suppose you sell the bond one year from today and the yield to maturity at that time is 6%. (20 points total) What was your purchase price for the bond? At what price did you sell the boned What was your total return on the bond (in both dollar and percentage terms)