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Suppose a ten - year, $ 1 comma 0 0 0 , $ 1 , 0 0 0 bond with an 8 . 6 %
Suppose atenyear, $ comma $ bond with an coupon rate and semiannual coupons is trading for $ comma $
a What is thebonds yield to maturityexpressed as an APR with semiannualcompounding
b If thebonds yield to maturity changes to
APR what will be thebonds price?
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Part
a What is thebonds yield to maturityexpressed as an APR with semiannualcompounding
Thebonds yield to maturity is
enter your response here
Round to two decimalplaces
Part
b If thebonds yield to maturity changes to
APR what will be thebonds price?
The new price for the bond is $
enter your response here
Round to the nearestcent
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