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please show me how I can use my calculator BAII Plus to solve this .Thank you so much! 7 The yield to maturity for 20-year
please show me how I can use my calculator BAII Plus to solve this .Thank you so much!
7 The yield to maturity for 20-year bonds is as follows for four different bond rating categories AAA 9.80% A 11.00% 10 points AA 10.00 BBB 11.20 Skipped The bonds of Faiter Corporation were rated as AAA and issued at par a few weeks ago. The bonds have just been downgraded to AA. Determine the new price of the bonds, assuming a 20-year maturity and semiannual interest payments. Assume the par value of the bonds is $1,000. (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) eBook References Price of the bonds
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