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5. What are you willing to pay today for a $1,000 denomination bond that has 15 years left until maturity? It has a coupon rate

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5. What are you willing to pay today for a $1,000 denomination bond that has 15 years left until maturity? It has a coupon rate of 7.5% and pays interest annually. You want a 10% rate of return. 6. Suppose you buy the bond in the previous question for $809.85. The yield to maturity will be 10%. If you sell the bond for $950 at Time 7 , what annual rate of return will you have eamed over the 7-year period

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