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show work You buy a bond for $991 that has a coupon rate of 6.90% and a maturity of 10 years. A year loter, the
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You buy a bond for $991 that has a coupon rate of 6.90% and a maturity of 10 years. A year loter, the bond pace is $1376. Assume face value of $1.000 and annual coupon payments) .. what is the new yield to maturity on the bond? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Yold to maturity b. What is your rate of return over the year? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Rate of return 96 Step by Step Solution
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