Question: please don't use Excel to solve this problem and show all steps. a. An 10%, sbe-year $100 bond yields 9%. If the yleld remains unchanged,
a. An 10%, sbe-year $100 bond yields 9%. If the yleld remains unchanged, what will be its price one year hence? Assume annual coupon payments. b. What is the total return to an investor who held the bond over this year? c. What can you deduce about the relationship between the bond return over a particular period and the yields to maturity at the start and end of that period
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