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You buy a bond for $955 that has a coupon rate of 6.00% and a maturity of 10-years. A year later, the bond price is
You buy a bond for $955 that has a coupon rate of 6.00% and a maturity of 10-years. A year later, the bond price is $1080, Assume a face value of $1,000 and annual coupon payments.) a. What is the new yield to maturity on the bond? (Do not round Intermedlate calculations. Enter your answer as a percent rounded to 2 declmal places.) Yield to maturity 196 b. What is your rate of return over the year? (Do not round Intermediate calculatlons. Enter your answer as a percent rounded to 2 declmal places.) Rate of return
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