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help me pls for a&b Suppose a 10-year, $1,000 bond with an 8.2% coupon rate and semi-annual coupons is trading for a price of $1,034.08.
help me pls for a&b
Suppose a 10-year, $1,000 bond with an 8.2% coupon rate and semi-annual coupons is trading for a price of $1,034.08. a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? b. If the bond's yield to maturity changes to 9.7% APR, what will the bond's price beStep by Step Solution
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