Suppose a bond with a 10% coupon rate and semi-annual coupons has a face value of $1,000,
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Question:
Suppose a bond with a 10% coupon rate and semi-annual coupons has a face value of $1,000, 20 years to maturity, and sells for $1,197.93.
Is the YTM more or less than 10%?
What is the semester coupon payment?
How many periods are there?
Calculate the YTM?
Expert Answer:
If a bond with a 10 coupon rate and semiannual coupons is selling for 119793 it means that the bond ... View the full answer
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