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Suppose a ten year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for $1,034.61. A- What is the bonds yield to
Suppose a ten year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for $1,034.61.
A- What is the bonds yield to maturity ( expressed as an APR with semiannual compounding)?
B- If the bonds yield to maturity changes to 9.4% APR, what will be the bonds price?
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