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You buy an) 5.4% coupon, 7-year maturity bond for $946. A year later, the bond price is $1.056. Assume coupons are paid once a year

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You buy an) 5.4% coupon, 7-year maturity bond for $946. A year later, the bond price is $1.056. Assume coupons are paid once a year and the face value is $1,000. a. What is the new yleld to maturity on the bond (one year from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity b. What is your bond's rate of return over the year? (Round your answer to 2 decimal places) Rate of retum

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