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Suppose you purthase a fen-year bend with 9% annual coupons. You hold the bond for four years and sell it imnediately afer receiving the fourth

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Suppose you purthase a fen-year bend with 9% annual coupons. You hold the bond for four years and sell it imnediately afer receiving the fourth coupon, If the bond's yied to maturity was 7.77% whon you purchased and sold the bond, a. What cash fows wil you poy and receive frem your investment in the bond per $100 face value? b. What is the intemal rate of retuen of your imestiment? Note: Assume annual compounding. a. What cash fows will you pay and receive from your investment in the bond per $100 face value? The cash flow at time 1.3 is 1 (Round to the nearest coce. Enter a cash outfow as a negative number.)

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