Question
A 15-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%. Required: a. Find the bond equivalent and
A 15-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%. Required: a. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $940. (Round your intermediate calculations to 4 decimal places. Round your answers to 2 decimal places.) b. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,000. (Do not round intermediate calculations. Round your answers to 2 decimal places.) c. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,050. (Round your intermediate calculations
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