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Business, 30.03.2020 21:59 mrsclnantambu9794

Suppose a ten-year, $ 1 comma 000 bond with an 8.9 % coupon rate and semiannual coupons is trading for $ 1 comma 035.67. 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 9.4 % APR, what will be the bond's price?

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