Question: Step by step required Question 1 You buy a bond today at face value for $1,000 with a 5.1% coupon interest payment. The bond matures

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Step by step required Question 1 You buy a bond today at

Question 1 You buy a bond today at face value for $1,000 with a 5.1% coupon interest payment. The bond matures in 8 years. One year from now, you sell your bond when interest rates are 8.5%. What your rate of return? Selected Answer: 80827 Correct Answer: -12.30 0.01

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