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