Question
A 33-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 21%. Required: Find the bond equivalent (YTM) and
| A 33-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 21%. |
| Required: |
| Find the bond equivalent (YTM) and effective annual (EAY) yield to maturity of the bond for the bond prices $1,065, $1,000, $1,165. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) |
| Bond equivalent annual yield to maturity (YTM) | Effective annual yield to maturity (EAY) | |
| $1,065 | % | % |
| $1,000 | % | % |
| $1,165 | % | % |
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Fundamentals Of Futures And Options Market
Authors: John C. Hull
6th Edition
0132242265, 9780132242264
