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(1) Suppose there is a 10-year, $1000 bond with an 10% coupon rate and semiannual coupons. If the bonds yield to maturity is 9% APR,
(1) Suppose there is a 10-year, $1000 bond with an 10% coupon rate and semiannual coupons. If the bonds yield to maturity is 9% APR, what is the bonds price?(2) Suppose a five-year, $1000 bond with annual coupons has a price of $800 and a yield to maturity of 6%. What is the bonds coupon rate?
(2) Suppose a five-year, $1000 bond with annual coupons has a price of $800 and a yield to maturity of 6%. What is the bonds coupon rate?
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
