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Calculate one year returns on bonds with original terms of 3, 8, and 12 years. The coupon rate on each bond is 11% and the
Calculate one year returns on bonds with original terms of 3, 8, and 12 years. The coupon rate on each bond is 11% and the interest rate is 6%. Each bond has a face value of $15,000.Please show your formulas and procedure clearly to earn full credit.
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