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You bought an 8 percent coupon, paid annually, 10-year maturity bond for $980. A year later, the bond price is $1,100. What is the yield
- You bought an 8 percent coupon, paid annually, 10-year maturity bond for $980. A year later, the bond price is $1,100.
- What is the yield to maturity on the bond today?
- What is it in one year?
- What is your rate of return over the year?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
