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Suppose a -10 year, $1,000 bond with a 12% coupon rate and semiannual coupons is trading for a price of $1,016. 21 a. What is
Suppose a -10 year, $1,000 bond with a 12% coupon rate and semiannual coupons is trading for a price of $1,016. 21 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 10% APR, what will the bond's price be
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
