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Refer to assume interest rates in the market (yield to maturity) are 8 percent for 20 years on a bond paying 10 percent. a. What

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Refer to assume interest rates in the market (yield to maturity) are 8 percent for 20 years on a bond paying 10 percent. a. What is the price of the bond? Answer is complete and correct. b. Assume 19 years have passed and interest rates in the market have gone up to 12 percent. Now, using Table 10-2 for 1 year, what is the price of the bond? Bond price c. What would your percentage return be if you bought the bonds when interest rates in the market were 8 percent for 20 years and sold them 19 years later when interest rates were 12 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Table 10-1 Bond price table

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