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5. Assume that three years ago, you purchased a 10-year corporate bond that pays 8.0 percent. The purchase price was $1,000. Also, assume that today

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5. Assume that three years ago, you purchased a 10-year corporate bond that pays 8.0 percent. The purchase price was $1,000. Also, assume that today comparable bonds are paying 7.0 percent. a) What is the annual dollar amount of interest that you receive from your bond investment? (2 marks) b) Assuming that comparable bonds are paying 7.0 percent, what is the approximate market price for which you could sell your bond? (2 marks) 6. You bought 100 shares of stock at $25 each. At the end of year I you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700. What annual rate of return did you earn of your investment

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