You buy a bond for $943 that has a coupon rate of 5.20% and a...
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Finance
You buy a bond for $943 that has a coupon rate of 5.20% and a maturity of 6-years. A year later, the bond price is $1,048. (Assume a face value of $1,000 and annual coupon payments.)
A. What is the new yield to maturity on the bond?
B. What is your rate of return over the year?
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