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What is the Bond Price Adjusted for Semi-Annual Coupons? (solve w formula or Excel, showing work) (InterestRate&BondValuation) C = Annual coupon payment C/2 = Semi-annual

What is the Bond Price Adjusted for Semi-Annual Coupons? (solve w formula or Excel, showing work) (InterestRate&BondValuation)

C = Annual coupon payment C/2 = Semi-annual coupon

YTM = Annual YTM (as an APR) YTM/2 = Semi-annual YTM

t = Years to maturity 2t = Number of 6-month periods to maturity

Coupon rate = 11%

Semiannual Coupons

YTM = 12% (APR)

Maturity = 7 years

Par = 1,000

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