Question: 3) Consider a three-year bond which has a 10% coupon that is paid SEMI-annually. If the price today is $900, what is 1) the semi-annual
3) Consider a three-year bond which has a 10% coupon that is paid SEMI-annually. If the price today is $900, what is 1) the semi-annual YTM, and what is 2) the annual YTM. Use the effective method.
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