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4. Refer to Table 10-1, which is based on bonds paying 10percent interest for 20 years. Assume interest rates in the market(yield to maturity) decline from 16 percent to 6 percent.a. What is the bond price at 16 percent?Bondpriceb. What is the bond price at 6 percent?Bondpricec. What would be your percentage return oninvestment if you bought when rates were 16 percent and sold whenrates were 6 percent? (Do not round intermediatecalculations. Input your answer as a percent rounded to 2 decimalplaces.)Return oninvestment%
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