Question: a.) James Inc. issues a bond with a par value of $1,000, a coupon rate of 7% per annum, and a YTM of 10%. If

a.) James Inc. issues a bond with a par value of $1,000, a coupon rate of 7% per annum, and a YTM of 10%. If the bond is selling for $815.66, what is the maturity of the bond?

b.) How much would James bond be selling for if it was a semiannual bond with a maturity of 6 years?

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