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please give right answer and do not solve it using excel Example: You buy a 10-year maturity bond for the face value of $1,000 when
please give right answer and do not solve it using excel
Example: You buy a 10-year maturity bond for the face value of $1,000 when the current interest rate is 9%. A year later, you sell the bond for $980. Assuming annual coupon payment, a. What is the new yield to maturity on the bond when you sell the bond? b. What's your holding period return during the year Step by Step Solution
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