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A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.6%, and sells for $1,140. Interest is

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A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.6%, and sells for $1,140. Interest is paid annually. a. If the bond has a yield to maturity of 9.4% 1 year from now, what will its price be at that time? (Do not round intermediate calculations.) Answer is complete and correct. Price $ 953 b. What will be the annual rate of return on the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign.) Answer is not complete Rate of return

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