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Problem 6-20 Rate of Return (LO3) A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at
Problem 6-20 Rate of Return (LO3) A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is: (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Rate of Return a. | 6% b. | 8% c. | 10%
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