Question: Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a coupon rate of 8 . 4 % and semiannual coupons
Suppose a year, $ bond with a coupon rate of and semiannual coupons is trading for $ a What is the bond's yield to maturityexpressed as an APR with semiannual compounding b If the bond's yield to maturity changes to APR what will be the bond's price? Question content area bottom Part a What is the bond's yield to maturityexpressed as an APR with semiannual compounding The bond's yield to maturity is enter your response hereRound to two decimal places.
Part
b If the bond's yield to maturity changes to
APR what will be the bond's price?
The new price for the bond is
$enter your response here.
Round to the nearest cent.
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