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Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a coupon rate of 9 % and semiannual coupons is trading
Suppose a year, $ bond with a coupon rate of 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
a What is the bond's yield to maturity expressed as an APR with semiannual compounding
The YTM is
Round to two decimal places.
SOLVE BOTH PARTS A & B
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