Explain what’s Net Retures, Gross Returns and Log Returns. (25 points)
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Explain what’s Zero-Coupon Bonds and Coupon Bonds. (25 points)
Describe the relative relationships between coupon rate, current yield and yield to maturity when a bond is selling above par value or below the par value, respectively. (25 points)?
Explain what’s the Duration of a Coupon Bond. (25 points)