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Refer to Table 1 0 - 1 , which is based on bonds paying 1 0 percent interest for 2 0 years. Assume interest rates

Refer to Table 10-1, which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity) increase from 8 to 10 percent.
a. What is the bond price at 8 percent?
Bond price
b. What is the bond price at 10 percent?
Bond price
c. What would be your percentage return on the investment if you bought when rates were 8 percent and sold when rates were 10 percent?
Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.
\table[[Return on investment ,
Table 10-1 Bond price table
\table[[,Interest Paymen,2,0 Years to Maturi,ty),],[Yield to Maturity,PV of Coupons,,PV of Principal,,Bond Price],[2%,$1,635.14,+,$672.97,=,$2,308.11
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