Question
1. A $1,000 semiannual coupon bond matures in 13 years, has a coupon rate of 7.5 percent, and a market price of $982. What is
1. A $1,000 semiannual coupon bond matures in 13 years, has a coupon rate of 7.5 percent, and a market price of $982. What is the yield to maturity?
2. A $1,000 face value bond has a 7 percent coupon and pays interest semiannually. The bond matures in 2 years and has a yield to maturity of 6.8 percent. What is the duration of this bond?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
