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Suppose a ten year $1,000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1,034.35 A) What is the bond's yield to
Suppose a ten year $1,000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1,034.35
A) What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?
The bond yield to maturity is __ % ( Round to two decimal places.)
B. If the bond yield to maturity changes to 9.4% APR, what will be the bond's price ?
The new price for the bond is $ ___ ( Round to the nearest cent.)
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
