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A government bond pays quarterly, coupons of 7.5%, has a face value of $1,000, and matures in 9.5 years. If the current market interest rate
A government bond pays quarterly, coupons of 7.5%, has a face value of $1,000, and matures in 9.5 years. If the current market interest rate is 8.6% compounded annually, 1. What is the market interest rate as an APR compounded guarterly? \% (Give answer as a percentage to 4 decimal places) 2. What is current market price of the bond? (Give answer to 4 decimal places)
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