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Suppose you purchase a 30-year 3% bond for $980. If you hold the bond for 4 years and sell it $1040, what was your realized

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Suppose you purchase a 30-year 3% bond for $980. If you hold the bond for 4 years and sell it $1040, what was your realized holding period yield? State your answer as a percentage, X.XX%. What is the price of a 20 year 6% bond? Suppose similar bonds have a yield to maturity of 4%. (For this and subsequent problems, show your work on a separate piece of paper that you will photograph and send to your section instructor)

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