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please answer part b. show how to calculate this on a TI calculator by FORMULA. Suppose a ten-year, $1,000 bond with an 8.6% coupon rate
please answer part b. show how to calculate this on a TI calculator by FORMULA.
Suppose a ten-year, $1,000 bond with an 8.6% coupon rate and semiannual coupons is trading for $1,034.29. 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 9.4% 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 8.09 %. (Round to two decimal places.) b. If the bond's yield to maturity changes to 9.4% APR, what will be the bond's price? The new price for the bond is $ . (Round to the nearest cent.)Step by Step Solution
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