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Suppose a ten - year, $ 1 , 0 0 0 bond with an 8 . 4 % 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?
Round to two decimal places for both please.
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