Question
Suppose aten-year, $1,000 bond with an 8.1% coupon rate and semiannual coupons is trading for $1,035.91. a. What is thebond's yield to maturity(expressed as an
Suppose aten-year, $1,000 bond with an 8.1% coupon rate and semiannual coupons is trading for $1,035.91.
a. What is thebond's yield to maturity(expressed as an APR with semiannualcompounding)?
b. If thebond's yield to maturity changes to 9.5 % APR, what will be thebond's price?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
