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Suppose a 10 year, $1000 bond with a 7% coupon rate and semiannual coupons is trading for the price of 901.51 a) What is the
Suppose a 10 year, $1000 bond with a 7% coupon rate and semiannual coupons is trading for the price of 901.51 a) What is the bond yield to maturity (EXPREES as an APR with semiannual compounding) b) if the bonds ytm changes to 8% APR What will the bond price be?
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