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Suppose a 10-year, 1,000 face value bond with a 6% coupon rate and semiannual coupons is trading for a quoted price of 107.79. (i) What
Suppose a 10-year, 1,000 face value bond with a 6% coupon rate and semiannual coupons is trading for a quoted price of 107.79. (i) What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? (ii) If the bond's yield to maturity changes to 4% APR, what will the bond's price be? b. Suppose a 5-year, 1,000 face value bond with a quoted price of 91.25 has a yield to maturity of 5%. What is the bond's coupon rate
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