Question
Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,035.08. a. What is the bond's yield to maturity
Suppose a ten-year,
$1,000
bond with an
8.9%
coupon rate and semiannual coupons is trading for
$1,035.08.
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?
a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?
The bond's yield to maturity is
nothing%.
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Modern Project Finance A Casebook
Authors: Benjamin C. Esty
1st Edition
0471434256, 978-0471434252
