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A $1,000 par value bond was issued 25 years ago at a 12 percent coupon rate, it curtently has 15 years remaining to maturity, interest

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A $1,000 par value bond was issued 25 years ago at a 12 percent coupon rate, it curtently has 15 years remaining to maturity, interest rates on similar obligations are now 10 percent. Assume Ms. Bright bought the bond three years ago whien it had a price of $1,080. Further assume Ms. Bright pald 30 percent of the purchase price in cash and borrowed the rest (known as buying on margin). She used the interest payments from the bond to cover the interest costs on the loon. a. What is the current price of the bond? Use Iable 162 Note: Input your answer to 2 decimal places. b. What is her dollar profit based on the bond's current price? Note: Do not round interm ediate calculations and round your answer to 2 decimal places. c. How much of the purchase price of $1,080 did Ms. Bright pay in cash? Note: Do not round intermediate calculations and round your answer to 2 decimal places. c. How much of the purchase price of $1,080 did Ms. Bright pay in cash? Note: Do not round intermediate calculations and round your answer to 2 decimal places. d. What is Ms. Bright's percentage return on her cash investment? Divide the answer to part b by the answer to part c. Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places

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