Question
Suppose a 10year, $1000 bond with an 8 coupon rate and semiannual coupons is trading for $103474 a What is the bond's yield to maturity
Suppose a 10year, $1000 bond with an 8 coupon rate and semiannual coupons is trading for $103474 a What is the bond's yield to maturity (expressed as an APR with seminanual compounding) b If the bond's yield to maturity changes to 9 APR, what will the bond's price be?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
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