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No excel please. Just step-by-step. Problem#2: At t=0, you purchase a six-year, 10 percent coupon bond (paid annually) that is priced to yield 9 percent

image text in transcribedNo excel please. Just step-by-step.

Problem#2: At t=0, you purchase a six-year, 10 percent coupon bond (paid annually) that is priced to yield 9 percent (YTM = 9%). The face value of the bond is $1,000. You are also given that your investment horizon is also six years. Suppose that the market interest rate remains constant at 9 percent throughout your investment horizon of six years and you are holding the bond till its maturity. What is your holding period return at the end of your investment horizon (t=6)

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