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An 8% five year bond yields 6%. If the yield remains unchanged, what will be its price one year hence?(round your answer to 2 decimal
An 8% five year bond yields 6%. If the yield remains unchanged, what will be its price one year hence?(round your answer to 2 decimal points do not round intermediate calculations)
Next what is the total return to an investor who held the bond over the year?( in %)
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