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PLEASE SHOW WORK 1. You bought an 8 percent coupon, paid annually, 10-year maturity bond for $980. A year later, the bond price is $1,100.

image text in transcribed PLEASE SHOW WORK

1. You bought an 8 percent coupon, paid annually, 10-year maturity bond for $980. A year later, the bond price is $1,100. 1. What is the yield to maturity on the bond today? II. What is it in one year? III. What is your rate of return over the year

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