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suppose a ten-year, 1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for 1,034.65. A. What is the bond's yield to maturity
suppose a ten-year, 1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for 1,034.65.
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 9.5% APR, what will be the bond's price?
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Financial Terms Dictionary Investment Terminology Explained
Authors: Thomas Herold, Wesley Crowder
1st Edition
1521725764, 978-1521725764
