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Question 23 4 pts A23. The yield to maturity on a bond is 10.5%. The number of years to its maturity is 8. The bond

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Question 23 4 pts A23. The yield to maturity on a bond is 10.5%. The number of years to its maturity is 8. The bond has a coupon rate of 13% that is paid out semi-annually. Its value is $1.000 at the end of its maturity. What is its price on the date of issue and the holding period return, to an investor who bought at the issue price, if after 1 year yields fall to 9.4% and the bond is sold Immediately after he collects the coupon payment? (a) purchase price of $1,133.09 and return on investment of 15.75% (1) purchase price of $1.099.86 and return on investment of 1184% (c) purchase price of $1,077.12 and return on investment of 14.36% (d) purchase price of $987 50 and return on investment of 97% le) purchase price of $1.106.64 and return on investment of 16.93% O

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