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At the beginning of the year, you purchased a corporate bond with an even value of $ 1,000, with a coupon rate of 6% and

At the beginning of the year, you purchased a corporate bond with an even value of $ 1,000, with a coupon rate of 6% and a maturity date of 10 years. When you bought the bond, it had an expected return to maturity (YTM) of 8%. Currently (today) the bond is selling for $ 1,060.

to. How much did you pay for the bonus? b. If you sell the bond at the end of the year, how much will your investment return be in a period of one year?

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