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1. A 7.45 percent coupon bond with 14 years left to maturity is offered for sale at $1,015.00. What yield to maturity is the bond
1. A 7.45 percent coupon bond with 14 years left to maturity is offered for sale at $1,015.00. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (can you show how to get the PMT? I am having trouble figuring out that part of equation) Yield to Maturity= ?
2. Compute the price of a 6.0 percent coupon bond with ten years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments are semiannual.) Bond Price= ?
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