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Homework: Chapter 6 Homework Problems Question 15, P 6-12 (similar to) Part 1 of 2 Suppose a ten-year, $1,000 bond with an 8.6% coupon rate

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Homework: Chapter 6 Homework Problems Question 15, P 6-12 (similar to) Part 1 of 2 Suppose a ten-year, $1,000 bond with an 8.6% coupon rate and semiannual coupons is trading for $1,035.76. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturity changes to 9.9% APR, what will be the bond's price

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