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Neo, Tutor
Category: Homework
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Experience:  BS Accounting
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Go to Table 10-1 which is based on bonds paying 10 percent

Customer Question

Go 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) decline from 11 percent to 8 percent:
1.     What is the bond price at 11 percent?
2.     What is the bond price at 8 percent?
3.     What would be your percentage return on investment if you bought when rates were 11 percent and sold when rates were 8 percent?
Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.

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