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A 10-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 10%. Find the bond equivalent and effective
A 10-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 10%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Bond Prices 930 a. $ b. $ Bond Equivalent Annual Yield to Maturity % % % Effective Annual Yield to Maturity % % % 1,000 1,030 c. . $ Suppose that today's date is April 15. A bond with a 9% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.0625 percent of par. If you buy the bond from a dealer today, what price will you pay for it? (Round your answer to 2 decimal places.) Invoice price
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