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What are the answers for part c please:) A 20-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of
What are the answers for part c please:)
A 20-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 9%. Required: a. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $940. (Round your intermediate calculations to 4 decimal places. Round your answers to 2 decimal places.) Bond equivalent yield to maturity Effective annual yield to maturity b. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,000. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Bond equivalent yield to maturity Effective annual yield to maturity c. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,060. (Round your intermediate calculations to 4 decimal places. Round your answers to 2 decimal places.) Bond equivalent yield to maturity Effective annual yield to maturity Step by Step Solution
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