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Problem 14-11 A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 11%. Find the bond equivalent
Problem 14-11 A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 11%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places * Answer is complete but not entirely correct. Bond Prices Bond Equivalent Annual Yield to Maturity 11.69 X % Effective Annual Yield to Maturity a. $ 960 12.03 X % b. $ 1,000 11.00 % 11.30 % C. $ 1,060 10.04 X % 10.29 X %
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