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Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a coupon rate of 8 . 9 % and semiannual coupons
Suppose a year, $ bond with a coupon rate of and semiannual coupons is trading for $
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 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.
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