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6. You spend $1,363 for a bond with a $1,000 face value and a 6% coupon. After one year, though, you decide to sell it.

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6. You spend $1,363 for a bond with a $1,000 face value and a 6% coupon. After one year, though, you decide to sell it. You're pleased to find that the value of the bond is now $1,461, so you sell for that price. a. Calculate your one-year rate-of-return for the bond. b. Calculate the bond's current yield. c. Challenge Question*: What was happening to interest rates during the year you held the bond

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