Question
A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 6%. Find the bond equivalent and effective
| A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 6%. 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. Omit the "%" sign in your response.) |
| Bond | Bond Equivalent Annual | Effective Annual | ||
| Prices | Yield to Maturity | Yield to Maturity | ||
| a. | $ | 930 | % | % |
| b. | $ | 1,000 | % | % |
| c. | $ | 1,030 | % | % |
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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
