What is the new yield to maturity on the bond


Problem:

You buy an 8% coupon, 10-year maturity bond for $980. A year later, the bond price is $1,200.

Required:

Question 1: What is the new yield to maturity on the bond?

Question 2: What is your rate of return over the year?

Note: Please show guided help with steps and answer.

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Accounting Basics: What is the new yield to maturity on the bond
Reference No:- TGS0887835

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