Question
Suppose a 10-year, $1,000 bond with a 11% coupon rate and semiannual coupons is trading for a price of $924.24 a. What is the bond's
Suppose a 10-year, $1,000 bond with a 11% coupon rate and semiannual coupons is trading for a price of $924.24
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 8% APR, what will the bond's price be?
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Financial Ratio Analysis
Authors: Andrew P.C.
1st Edition
1973493381, 978-1973493389
