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A 1 0 - year $ 1 0 0 0 - par 6 % coupon bond has a YTM of 8 . 5 % .
A year $par coupon bond has a YTM of
If you sell the bond years after buying it and the bond's yield has changed to what is your annual HPR
QUESTION
What sale price would have been required in order for the investor to have earned a annual HPR
QUESTION
What YTM would be required for the bond to have the sale price you found in the previous question?
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