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Suppose a 1 0 - year, $ 1 , 0 0 0 bond with an 8 . 1 % coupon rate and semi - annual
Suppose a year, $ bond with an coupon rate and semiannual coupons is trading for a price of $
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 APR, what will the bond's price be
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