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a.The ten-year bond yields 5.1% and has a coupon of 7.1%. If this yield to maturity remains unchanged, what will be its price one year
a.The ten-year bond yields 5.1% and has a coupon of 7.1%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments and a face value of $100.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Price $
b.What is the total return to an investor who held the bond over this year?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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