Question: Problem 3-9 Bond returns a. The 7.1%, ten-year bond yields 5.1%. If this yield to maturity remains unchanged, what will be its price one year

Problem 3-9 Bond returns a. The 7.1%, ten-year bond yields 5.1%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments and a face value of $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Price $ 1,141.53 b. What is the total return to an investor who held the bond over this year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. Total return 0.88 X %
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