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Refer to Table 10-1, which is based on bonds paying 10 percent interest for 20...

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Accounting

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Refer 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 16 percent to 11 percent. a. What is the bond price at 16 percent? Bond price b. What is the bond price at 11 percent? Bond price c. What would be your percentage return on investment if you bought when rates were 16 percent and sold when rates were 11 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on investment

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