Suppose all bonds are purchased at par, please calculate the one-year returns on several different-maturity 10%-coupon-rate bonds whose face value is $1000 when interest rates decrease from 10% to 5% and fill in following table. [10 marks]

(Hint: Using the method we calculate the values of Table 4-2 in the textbook; you can copy and paste following table to your assignment and fill in the blanks)

(Can I get the process)

Years to maturity when bond is purchased	Initial current yield (%)	Initial price ($)	Price next year ($)	Rate of capital gain (%)	Rate of Return (%)
20	10	1000
5	10	1000
1	10	1000