Question: a) Identify the 3 differences between MM and bond market b) A semi-annual compounding bond with a face value of $1000. The coupon rate is

a) Identify the 3 differences between MM and bond market

b) A semi-annual compounding bond with a face value of $1000. The coupon rate is 7% p.a. and 10 years to mature. Its current market price is $1075. Calculate the YTM of this bond.

c) you bought this bond and held it for 2 years and then sold it at market yield of 5%, what is the HPY

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