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Please only solve part b ! thnks Suppose a ten-year, $1,000 bond with an 8.3% coupon rate and semiannual coupons is trading for $1,035.99. a.
Please only solve part b ! thnks
Suppose a ten-year, $1,000 bond with an 8.3% coupon rate and semiannual coupons is trading for $1,035.99. 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.) b. If the bond's yield to maturity changes to 9.3% 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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