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3) Suppose a ten-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for a price of $1034.74. a) What is the
3) Suppose a ten-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for a price of $1034.74. a) What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b) If the bond's yield to maturity changes to 9% APR, what will the bond's price be
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Secured Finance Transactions
Authors: Dominic RM Griffiths
2nd Edition
1787425142, 978-1787425149
