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Dear Mr/Mrs My assignment for the corporate finance class is pretty confuse. Would you mind solving the question specifically with formula please? I am really

Dear Mr/Mrs

My assignment for the corporate finance class is pretty confuse. Would you mind solving the question specifically with formula please? I am really appreciate.

The question is below

You buy an 8% coupon, 20-year maturity bond when its yield to maturity is 9%. A year later, the yield to maturity is 10%. What is your rate of return over theyear?

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