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jaimeson
Sep 23, 2008, 01:42 PM
A bond that pays coupons annually is issued with a coupon rate of 4% maturity of 30 years and a yield to maturity of 7%. What rate of return will be earned by an investor who purchaseds the bond and holds it for 1 year if the bond's yield to maturity at the end of the year is 8%??

I have a BAII PLUS and cant find out how you figure this out.