Suppose you purchase a ten-year bond with 11% annual coupons. You hold the bond for four years and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 9.86% when you purchased and sold the bond.
a. What cash flows will you pay and receive from your investment in the bond per $100 face value?
THE CASSH FLOW AT TIME 1-3 is $______________
b. What is the internal rate of return of your investment?