Finance Assignment | Professional Writing
May 23rd, 2020
Suppose a ten-year,$ 1,000 bond with an 8.9 % coupon rate and semiannual coupons is trading for $ 1,035.99
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Finance Assignment | Professional Writing
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a. What is the bond’s yield to maturity (expressed as an APR with semiannual compounding)?
b. If the bond’s yield to maturity changes to9.4 % APR, what will be the bond’s price?
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