Question: please show work, no excel One year ago you bought a 5-year 5% coupon bond that will pay $1,000 at maturity (ta par value. The
please show work, no excel
One year ago you bought a 5-year 5% coupon bond that will pay $1,000 at maturity (ta par value. The bond was priced at $10.46 to yield 10% and pays Interest annually at the end of each year. Now, one year later, after the first interest payment, the bond is priced to yield 0%. What is the new price if you decide to sell now? (5 points) What was your holding period return for the one year? (5 points)
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