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A $1000-face-value 10-year bond has a 6% coupon rate, its current price is $980. (solve both questions without using excel) a. What would be the

A $1000-face-value 10-year bond has a 6% coupon rate, its current price is $980. (solve both questions without using excel)

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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