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Need the answer of the last part... A 10-year, $1000 face value bond makes annual payments and has a coupon rate of 4.5 percent. If
Need the answer of the last part...
A 10-year, $1000 face value bond makes annual payments and has a coupon rate of 4.5 percent. If the current yield on the bond is 3.6 percent, what is the bond's price? 1250.00 Correct response: 1,250+0.01 Suppose that a year from now the bond sells at a yield to maturity of 5.4 percent. What is the price of the bond? Enter your answer rounded to two decimal places 937.15 Correct response: 937.15+2 What is your rate of return if you purchase the bond for $1,250, hold it for a year, and then sell it for $937. 15? Enter your answer as percentage rounded to 2 decimal places. Do not enter the percentage sign. NumberStep by Step Solution
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