21. (3 points) Suppose Mr. Massimilla has $1 millon invested in 7-year, 6% coupon bonds of Liu Corp, with a yield-to-mat
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21. (3 points) Suppose Mr. Massimilla has $1 millon invested in 7-year, 6% coupon bonds of Liu Corp, with a yield-to-mat
21. (3 points) Suppose Mr. Massimilla has $1 millon invested in 7-year, 6% coupon bonds of Liu Corp, with a yield-to-maturity of 5%. (Treat coupons and yields as annual in this problem.] If interest rates do not change, what is your return over the next year?
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