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Refer to Table 10-1, assume interest rates in the market (yield to maturity) are 8 percent for 20 years on a bond paying 10 percent

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Refer to Table 10-1, 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? Bond price b. Assume 15 years have passed and interest rates in the market have gone up to 12 percent. Now, using Table 10.2 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 8 percent for 20 years and sold them 15 years later when interest rates were 12 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Ratinum b. Assume 15 years have passed and interest rates in the market have gone up to 12 percent. Now, using Table 10-2 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 8 percent for 20 years and sold them 15 years later when interest rates were 12 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on investment Refer to Table 10-1, 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? Bond price b. Assume 15 years have passed and interest rates in the market have gone up to 12 percent. Now, using Table 10.2 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 8 percent for 20 years and sold them 15 years later when interest rates were 12 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Ratinum b. Assume 15 years have passed and interest rates in the market have gone up to 12 percent. Now, using Table 10-2 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 8 percent for 20 years and sold them 15 years later when interest rates were 12 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on investment

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