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You buy an 8% coupon, 10 -year-maturity bond for $980. A year later, the bond price is $1,200. (Assume a face value of $1,000 and

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You buy an 8% coupon, 10 -year-maturity bond for $980. A year later, the bond price is $1,200. (Assume a face value of $1,000 and annual coupon payments.) a. What is the new yleld to maturity on the bond? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. What is your rate of return over the year? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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