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please answer both questions and show step by step will give thumbs up The market price of a semi-annual pay bond is $968.99. It has
please answer both questions and show step by step will give thumbs up
The market price of a semi-annual pay bond is $968.99. It has 10.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, \% sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, semi-annual pay bond that has a coupon rate of 7.98%. If the yield to maturity for the bond is 8.43%, what will the price of the bond be? Answer format: Currency: Round to: 2 decimal places Step by Step Solution
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