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Homework: Homework 6 (Chapter 6) Score: 0 of 1 pt P 6-12 (similar to) 8 of 15 (11 complete) Suppose a ten-year, $1,000 bond with
Homework: Homework 6 (Chapter 6) Score: 0 of 1 pt P 6-12 (similar to) 8 of 15 (11 complete) Suppose a ten-year, $1,000 bond with an 8.1% coupon rate and semiannual coupons is trading for $1,035.13. 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 9.3% APR, what will be the bond's price? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The bond's yield to maturity is %. (Round to two decimal places.)
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