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You buy an 9.3% coupon, paid annually, 12-year maturity bond for $935. A year later, the bond price is $1,035. Face value of the bond

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You buy an 9.3% coupon, paid annually, 12-year maturity bond for $935. A year later, the bond price is $1,035. Face value of the bond is $1,000. a. What is the yield to maturity on the bond today? (Round your answer to 2 decimal places.) Yield to maturity today 9.3 % What is the yield to maturity on the bond in one year? (Round your answer to 2 decimal places.) Yield to maturity in one year 8.82 % b. What is your rate of return over the year? (Round your answer to 2 decimal places.) Rate of return over the year 1%

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