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solve for a and b please Suppose a ten-year, $1,000 bond with an 8.5% coupon rate and semiannual coupons is trading for $1,035.97 a. What
solve for a and b please
Suppose a ten-year, $1,000 bond with an 8.5% coupon rate and semiannual coupons is trading for $1,035.97 a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yeid to maturity changes to 9.1% 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 yiold to maturity is \%. (Round to two decimal places.) Step by Step Solution
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