Question: Refer to Table 10-1. which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity)

Refer to Table 10-1. which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity) increase from 7 to 10 percent. a. What is the bond price at 7 percent? Bond price b. What is the bond price at 10 percent? c. What would be your percentage return on the investment if you bought when rates were 7 percent and sold when rates were 10 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

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