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Suppose a ten-year $1,000 bond with an 8.4% coupon rate and semiannual coupon is trading for $1,034.01. A. What is the bond's yield to maturity
Suppose a ten-year $1,000 bond with an 8.4% coupon rate and semiannual coupon is trading for $1,034.01.
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 9.6% APR, what will be the bond's price?
PLEASE HELP! Im totally lost! Please show me how you get the answer. I'm using a TI-84 PLUS calculator. If possible please show me how to type it in that type of calculator
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