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Help estion 12 22 Suppose an investor with a 6-year investment horizon purchased a 20-year bond paying an 8% annual coupon rate making semiannual coupon

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Help estion 12 22 Suppose an investor with a 6-year investment horizon purchased a 20-year bond paying an 8% annual coupon rate making semiannual coupon payments when the yield to maturity is 10% at a price of $828.41. The investor expects that he can reinvest the coupon at an annual interest rate of 5%. At the beginning of year 7. he expects the then yield to maturity will be 8. What is the total return for this bond? Please clearly list the steps involved in the calculation Help estion 12 22 Suppose an investor with a 6-year investment horizon purchased a 20-year bond paying an 8% annual coupon rate making semiannual coupon payments when the yield to maturity is 10% at a price of $828.41. The investor expects that he can reinvest the coupon at an annual interest rate of 5%. At the beginning of year 7. he expects the then yield to maturity will be 8. What is the total return for this bond? Please clearly list the steps involved in the calculation

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