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On February 2, 2016, an investor held some Province of Ontario stripped coupons in a self-administered RRSP at ScotiaMcLeod, an investment dealet. Each coupon represented

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On February 2, 2016, an investor held some Province of Ontario stripped coupons in a self-administered RRSP at ScotiaMcLeod, an investment dealet. Each coupon represented a promise to pay $100 at the maturity date on February 2, 2022, but the investor would receive nothing until then. The value of the coupon showed as $82.04 on the investor's screen. This means that the investor was giving up $8204 on February 2, 2016 in exchange for $100 to be received just less than six years later a. Based upon the $82.04 price what rate was the yield on the Province of Ontario bond? (Do not round intermediate calculations and round your final answer to 2 decimal places) Rate of return 335 % b. Suppose that on February 2, 2017, the security's price was $90.00 1 an investor had purchased it for $8204 a year earlier and sold it on this day. what annual rate of return would she have earned? (Do not round intermediate calculations and round your final answer to 2 decimal places) Annual rate of return erences c. If an investor had purchased the security at the market price of 590.00 on February 2, 2017 and held it until it matured, what annual rate of return would she have earned? (Do not round intermedinte calculations and round your final answer to 2 decimal places.) Annual rate of retum 300 0% P3 27 FY F9 FIO F11 F6 F12 Delete 2 Pet se SysRg & + Backspace 6 8 UUUU Juu 7 P H IK Enter

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