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Joseph V Chapter 6 CSecure https://newconnect.mheducation.com/flow/connect.html Apps G Google KindleeBay Hi Services Podcasts Books Baruch2 Chapter 6 G Help Save & Exlt Submlt Saved 2 Check my work 13 Problem 6-20 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: (Do not round Intermedlate calculatlons. Enter your answers as a percent rounded to 2 declmal places.) 10 points Rate of Return Book a. | 6% b. | 8% c.10% Print References Type here to search 19

Explanation / Answer

The values after a year:

return =

6% 1018.87 8% 1000.00 10% 981.82

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