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Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The bond price is $1,200. [correct
Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The bond price is $1,200. [correct to 2 decimal points] The bond yield is %. [Note: e.g., lf you get 11.28% input 11.28 , NOT 0.11 ] Question 2 What is the price of a $1,000 par value bond with a 5% coupon rate paid semiannually, if the bond is priced to yield 4% and it has 10 years to maturity? Round-off to an integer. [Note: N is NOT 10 because it is semiannual; N=20 ]
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