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Suppose a? ten-year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for $1,034.17. 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 $1,034.17.
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 9.1%?APR, what will be the? bond's price?
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