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9. A $1000-face-value 10-year bond has a 6% coupon rate, its current price is $980. a. What would be the price of this bond after

9. A $1000-face-value 10-year bond has a 6% coupon rate, its current price is $980.

a. What would be the price of this bond after one year if yield to maturity decreases to 3%.

b. Continued from part a, calculate return for one-year investment, capital gain rate and current yield.

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