You are the holder of a 10-year bond that pays semi-annual coupon payments of 8% p.a. and has a face value of $100,000. Current yields are 10% p.a. (nominal Suppose you sell the bond immediately after receiving the 8th coupon payment. What is your return if investor's now require a 13% rate of return (annual, nominal). Assume the purchaser holds the bond to maturity. If their marginal tax rate is 30%, calculate their effective annual after tax return. Briefly, using dot points, compare the returns to the seller and purchaser (ie. Compare your answers from parts (a) and (b)). You are the holder of a 10-year bond that pays semi-annual coupon payments of 8% p.a. and has a face value of $100,000. Current yields are 10% p.a. (nominal Suppose you sell the bond immediately after receiving the 8th coupon payment. What is your return if investor's now require a 13% rate of return (annual, nominal). Assume the purchaser holds the bond to maturity. If their marginal tax rate is 30%, calculate their effective annual after tax return. Briefly, using dot points, compare the returns to the seller and purchaser (ie. Compare your answers from parts (a) and (b))