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A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 9%. Find the bond equivalent and
A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 9%. 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.) > Answer is complete but not entirely correct. Bond Equivalent Effective Annual Bond Prices Annual Yield to Yield to Maturity Maturity a. $ 940 9.68 % 9.91 % b. $ 1,000 9.00 % 9.20 % C. $ 1,040 8.38% 8.55 %
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