Question
A 25-year maturity bond with face value of $1,000 makessemiannual coupon payments and has a coupon rate of 8%. (please round answers to 3 decimal
A 25-year maturity bond with face value of $1,000 makessemiannual coupon payments and has a coupon rate of 8%. (please round answers to 3 decimal places)
a.What is the bond's yield to maturity if the bond is selling for $1,050? Enterannualyield to maturity as your answer.
Annualyield to maturity%
b.What is the bond's yield to maturity if the bond is selling for $1,000? Enterannualyield to maturity as your answer.
Annualyield to maturity%
c.What is the bond's yield to maturity if the bond is selling for $1,250? Enterannualyield to maturity as your answer.
Annualyield to maturity%
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