Question: An 7.9%, ten-year bond yields 5.9%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. (Do not

An 7.9%, ten-year bond yields 5.9%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Show all calculations.

Price

b.	What is the total return to an investor who held the bond over this year? (Do not round intermediate calculations. Round your answer to 1 decimal place.)

Total return

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