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Using HP 10b11 financial calculator. Need Variables to input into cal. Bonds have 5 years to maturity. Par value of $1,000, coupon interest rate of
Using HP 10b11 financial calculator. Need Variables to input into cal.
Bonds have 5 years to maturity. Par value of $1,000, coupon interest rate of 7%. (a) What is the bonds yield-to-maturity at a current price of $929? (b) What is the bonds yield-to-maturity at a current price of $1,032? (c) Would you pay $929 for one of these bonds if you thought that the appropriate rate of interest (i.e., your required rate of return) was 8%?
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