What price did you purchase this bond for what was the irr


You purchase a 20 year bond that as a $1000 face value, 10% annual coupon and a yield to maturity of 9%.

a. What price did you purchase this bond for?

b. No assume you sell this bond immediately after the 5th coupon payment. At the time of selling, the yield to maturity is 10.5%. What price did you sell the bond for? (15 coupon payments remain)

c. What was the IRR of your investment?

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