Question: can someone help me with part a and b on this practice question i cant figure it out. thank you Suppose a ten-year $1,000 bond
can someone help me with part a and b on this practice question i cant figure it out. thank you
Suppose a ten-year $1,000 bond with an 8 9% coupon rate and semiannual coupons is trading for $1,035.39. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to matunty changes to 9.4% APR what will be the bond's price? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The bond's yield to maturity is % (Round to two decimal places.)
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