Question: Problem 14-12 points A 15 year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 6%. Find the

Problem 14-12 points A 15 year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 6%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Bond Prices Effective Annual Yield to Maturity $ $ 13 96 % Bond Equivalent Annual Yield to Maturity 6.75 % 6.00 % 5.70 % 930 1000 1.030 b. c. $ 12.36 11.72 %

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