Business, 08.04.2020 00:35 dhernandez081

Suppose a seven-year, $ 1 comma 000 bond with a 7.8 % coupon rate and semiannual coupons is trading with a yield to maturity of 6.50 %.If the yield to maturity of the bond rises to 7.20 % (APR with semiannual compounding), what price will the bond trade for?

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Suppose a seven-year, $ 1 comma 000 bond with a 7.8 % coupon rate and semiannual coupons is trading...

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