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The 7.4%, fifteen-year bond yields 5.4%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments
The 7.4%, fifteen-year bond yields 5.4%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments and a face value of $1,000.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
What is the total return to an investor who held the bond over this year?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
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