Question: using a BA II plus to solve, & must have four decimal places 6. Suppose you buy a 6.75% percent annual coupon bond for $1,175.

using a BA II plus to solve, & must have four decimal places

6. Suppose you buy a 6.75% percent annual coupon bond for $1,175. The bond has 10 years to maturity. The interest is paid once a year. Four years from now, the YTM has declined by 2.25% and you decide to sell the bond. What will the bond sell for in four years and what is the percentage return (Holding Period Return) on your investment? (4 Points)

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