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A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 10%. 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 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.) a. Bond Equivalent Bond Prices Annual Yield to Maturity $ 930 % $ 1,000 % $ 1,030 % GA Effective Annual Yield to Maturity % % % b. 6 c
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