Business, 18.10.2019 07:00, thebigman7993

You buy a bond for $994 that has a coupon rate of 6.1% and a 5-year maturity. a year later, the bond price is $1,184. (assume a face value of $1,000 and annual coupon payments.) a. what is the new yield to maturity on the bond? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) yield to maturity % b. what is your rate of return over the year? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) rate of return %

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You buy a bond for $994 that has a coupon rate of 6.1% and a 5-year maturity. a year later, the bond...