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
can someone help me with part a and b on this practice

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.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!