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A 10-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 8%. Find the bond equivalent and effective
A 10-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 8%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Find the Bond Equivalent Annual Yield to Maturity and Effective Annual Yield to Maturity for
a. 950
b. 1000
c. 1050
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