An 87 twenty-year bond yields 67 if the yield remains


An 8.7%, twenty-year bond yields 6.7%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. What is the total return to an investor who held the bond over this year?(Do not round intermediate calculations. Round your answer to 1 decimal place)

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Financial Management: An 87 twenty-year bond yields 67 if the yield remains
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