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On February 2, 2016, an investor held some Province of Ontario stripped coupons in a self-administered RRSP at ScotlaMcleod, an investment dealer. 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 ScotlaMcleod, an investment dealer. 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 retum b. Suppose that on February 2, 2017, the security's price was $90.00 If an investor had purchased it for $82,04 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 c. an investor had purchased the security at the market price of $90.00 on February 2, 2017 and hold it until it matured, what annual rate of return would she have earned? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) ces Annual rate of return

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