Question: Can someone help me solve A) and B) please Suppose a 10 -year, $1,000 bond with an 8.7% coupon rate and semi-annual coupons is trading
Can someone help me solve A) and B) please
Suppose a 10 -year, $1,000 bond with an 8.7% coupon rate and semi-annual coupons is trading for a price of $1,035.55. a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? b. If the bond's yield to maturity changes to 9.3% APR, what will the bond's price be? a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? The bond's yield to maturity is \%. (Round to two decimal places.)
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