Suppose a ten-year 1000 bond with an 89 coupon rate and, Ask an Expert

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Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,035.55.

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 to 9.7 % APR, what will be the bond's price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92708685

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