Question: A 20 year maturity coupon bond, with a par value of $1000, has an 8% coupon, paying semi-annually. What is the bond equivalent yield and

A 20 year maturity coupon bond, with a par value of $1000, has an 8% coupon, paying semi-annually. What is the bond equivalent yield and effective annual yield if the bond price is: a) $950 b) $1000 c) $1050

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