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Use this formula if possible. Please give detail solution :) You buy a 5 year 10% coupon bond which pays annual coupons. When you buy

Use this formula if possible.
Please give detail solution :)
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You buy a 5 year 10% coupon bond which pays annual coupons. When you buy the bond, the market interest rate is 9%. You decide to sell the bond 1 year later when the market interest rate is 10%. Assume you received one coupon payment. What is your rate of return? Annuity Factor using the YTM (V) 1 P = CPN 1 V (1 + y) FV (1 + y) Present Value of the Face Value repayment using the YTM() Present Value of all of the periodic coupon payments

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