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Question 1 of 3 2 years ago, you paid $1011 for a $1,000 par bond...

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Finance

Question 1 of 3

2 years ago, you paid $1011 for a $1,000 par bond that has a 6% coupon with semiannual payments. You are selling it today for $987. You reinvested coupons at the 2.3% annual rate. What is your total return? (Report your answer to two decimals, without the % symbol. E.g., if your answer is 5.1538%, enter it as 5.15.)

Question 2 of 3

What is the price of a bond (to the nearest cent) with 3 years to maturity, 7.1% coupon rate, semiannual payments, par of $1000, and the yield to maturity of 5.34%?

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