Question
Suppose a ten-year, $ 1000 bond with an 8.7 % coupon rate and semiannual coupons is trading for $ 1035.56 a. What is the bond's
Suppose a ten-year, $ 1000 bond with an 8.7 % coupon rate and semiannual coupons is trading for $ 1035.56
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?
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
