Question
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%. a. What is the bonds
| A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%. |
| a. | What is the bonds yield to maturity if the bond is selling for $930?(Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Annual yield to maturity | % |
| b. | What is the bonds yield to maturity if the bond is selling for $1,000?(Do not round intermediate calculations.) |
| Annual yield to maturity | % |
| c. | What is the bonds yield to maturity if the bond is selling for $1,130?(Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Annual yield to maturity | % |
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
