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Suppose a 10 year bond with an 8/7% coupon rate and semi annual coupons is trading for $1035.91 a. What is the bonds yield to
Suppose a 10 year bond with an 8/7% coupon rate and semi annual coupons is trading for $1035.91 a. What is the bonds yield to maturity ( expressed as an APR with semiannual compounding)? b. If the bonds yield to maturity changes to 9/1% APR what will be the bonds price?
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