Problem 6-19 Rate of Return (LO3) A 2-year maturity bond with face value of $1,000...
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Accounting
Problem 6-19 Rate of Return (LO3)
A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is:
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
Rate of Return
a. 6%
%
b. 8%
%
c. 10%
%
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