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Question list Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Suppose a ten-year, $1,000 bond with an
Question list Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Suppose a ten-year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for $1,034.78. 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 %. (Round to two decimal places.) To find the bond's new price, you use the following equation: P=yCPN(1(1+y)n1)+(1+y)nFV To find the bond's yield to maturity, you use the following equation: P=yCPN(1(1+y)n1)+(1+y)nFV
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