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Suppose aten-year, $1,000 bond with an 8.8 % coupon rate and semiannual coupons is trading for $1,035.84 . a. What is thebond's yield to maturity(expressed
Suppose aten-year, $1,000 bond with an 8.8 % coupon rate and semiannual coupons is trading for $1,035.84.
a. What is thebond's yield to maturity(expressed as an APR with semiannualcompounding)?
b. If thebond's yield to maturity changes to 9.2 %
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