You just bought a 5-year, 10% coupon bond at the price of $928. ...

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Accounting

You just bought a 5-year, 10% coupon bond at the price of $928.
a. You keep the bond till maturity, what is the annual rate of return from the investment?
b. If you sell the bond a year later and the market interest rate at the time of sale is 12% what is the price of the bond?

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