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Please show work for both answers! A.What is the yield to maturity on a ten-year, 9 percent annual coupon, $1,000 par value bond that sells
Please show work for both answers!
A.What is the yield to maturity on a ten-year, 9 percent annual coupon, $1,000 par value bond that sells for $887.00?
B. What are the total return, the current yield, and the capital gains yield for the bond in question a.? (Assume the bond is held to maturity and the company does not default on the bond.)
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