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QUESTION 6 Bonds issued by Glorious Vending Corporation have a coupon rate of 1 1 . 9 5 percent and a face value of $

QUESTION 6
Bonds issued by Glorious Vending Corporation have a coupon rate of 11.95 percent and a face value of $1,000.00, pay semi-annual coupons with one just paid and the next coupon due in 6 months, and mature in 9 years from today. Six months ago, the bonds were priced at $820.07. Today, the bond's yield-to-maturity (rTM) is 15.09 percent. What was the rate of return for the bonds over the past 6 months (from 6 months ago until today)?
1799%(plus or minus 2bps)
10.70%(plus or minus 2bps)
18.30%(plus or minus 2bps)
29.23%(plus or minus 2bps)
none of the answers are within 2 bps of the correct answe
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