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a. An 8.3%, fifteen-year bond yields 6.3%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. b.
a. | An 8.3%, fifteen-year bond yields 6.3%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. |
b. | What is the total return to an investor who held the bond over this year? |
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