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A 10-year-maturity bond was issued with the price of $1000 with a yield to maturity of 7% in 2022. The bond price rises to $1100

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A 10-year-maturity bond was issued with the price of $1000 with a yield to maturity of 7% in 2022. The bond price rises to $1100 in 2023 (assume annual coupon payment). a. What is the coupon rate of this bond? Why? b. What is the new yield to maturity on the bond in 2023 ? c. What is your rate of return if you bought the bond in 2022 and sell it in 2023

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