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Refer to Jable 10-1, assume interest rates in the market (yield to maturity) are 12 percent for 20 years on a bond paying 10 percent.

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Refer to Jable 10-1, assume interest rates in the market (yield to maturity) are 12 percent for 20 years on a bond paying 10 percent. a. What is the price of the bond? Answer is complete but not entirely correct. b. Assume 15 years have possed and interest rates in the market have gone down to 12 percent. Now, using Iable 10-2 for 5 years, what is the price of the bond? c. What would your percentage return be if you bought the bonds when interest rates in the market were 12 percent for 20 years and b. Assume 15 years have passed and interest rates in the market have gone down to 12 percent. Now, using Table 102 for 5 years, 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 12 percent for 20 years and sold them 15 years later when interest rates were 12 percent? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Refer to Jable 10-1, assume interest rates in the market (yield to maturity) are 12 percent for 20 years on a bond paying 10 percent. a. What is the price of the bond? Answer is complete but not entirely correct. b. Assume 15 years have possed and interest rates in the market have gone down to 12 percent. Now, using Iable 10-2 for 5 years, what is the price of the bond? c. What would your percentage return be if you bought the bonds when interest rates in the market were 12 percent for 20 years and b. Assume 15 years have passed and interest rates in the market have gone down to 12 percent. Now, using Table 102 for 5 years, 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 12 percent for 20 years and sold them 15 years later when interest rates were 12 percent? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places

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