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. A 30-year bond with par value $1,000 and annual coupon rate r is redeemable at $1,050. You are given (a) the price to yield
. A 30-year bond with par value $1,000 and annual coupon rate r is redeemable at $1,050. You are given (a) the price to yield an effective annual interest rate of 5% is P; (b) the price to yiled an effective annual interest rate of 6% is P 150.15; (c) the price to yield an effective annual interest rate of r is X; Calculate X.
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