bensletterbox8319
13.11.2019 •
Business
Suppose a ten-year, $1,000 bond with an 8.1% coupon rate and semi-annual coupons is trading for $1,034.69
a. what is the bond's yield to maturity(expressed an an apr with semi-annual compounding)?
b. if the bond's yield to maturity changes to 9.6% apr, what will be the bond's price?
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