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(Eond valuabon) At the beginning of the year, you bought a $1,000 par value corporake bond with an anual coupon rate, of 12 percent and

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(Eond valuabon) At the beginning of the year, you bought a $1,000 par value corporake bond with an anual coupon rate, of 12 percent and a maturity date of 14 years. When you bought the bond, it had an expected yoold to maturity of 11 percent. Today the bond seils for $1,230. a. What did you pany for the bond? b. II you sold the bond at the end of the yoac, What would be your one-period retim on the inveritment? Acsume that you did hat reseive ary interint puymant during the hoiding period: a. Tha price you paid for the bond is s (Round to the nearest cent) b. If you soid the bond today. your one-period ratum on the investment is \%. (Fiound to two decimal places.)

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