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Suppose a ten - year, $ 1 , 0 0 0 bond with a 8 . 1 % coupon rate and semiannual coupons is trading
Suppose a tenyear, $ bond with a coupon rate and semiannual coupons is trading for $
a What is the bond's yield to maturityexpressed as an APR with semiannual compounding
b If the bond's yield to maturity changes to APR what will be the bond's price?
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