Question: In part b how to get n=9 * 2 = 18 Question Three: Bond Valuation (4 MARKS) a) You are evaluating the following bond. It

In part b how to get n=9 * 2 = 18

Question Three: Bond Valuation (4 MARKS) a) You are evaluating the following bond. It is a semi-annual bond paying a coupon of 6.5%. It has 9.5 years till maturity and is currently selling for 105.60%. If the bond has a face value of $10,000, what is the annual yield to maturity on the bond? (1 Mark) b) Six months later, the yield to maturity for the same bond has changed to 6%. How much will the price be expected to change as a result? (2 Marks)

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