Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Suppose a 10-year, $1000 bond with a coupon rate of 8.6 % and semiannual coupons is trading for $1035.18. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturity changes to 9.7 % APR, what will be the bond's price?
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Transcribed Image Text:Suppose a 10-year, $1000 bond with a coupon rate of 8.6 % and semiannual coupons is trading for $1035.18. a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? b. If the bond's yield to maturity changes to 9.7 % APR, what will be the bond's price?
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