Need to step 1. Consider a 6%, $1,000 par bond that pays semiannual coupon, with 9 years to maturity and a 5% YTM. What

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answerhappygod
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Need to step 1. Consider a 6%, $1,000 par bond that pays semiannual coupon, with 9 years to maturity and a 5% YTM. What

Post by answerhappygod »

Need to step
1. Consider a 6%, $1,000 par bond that pays semiannual coupon,
with 9 years to maturity and a 5% YTM.
What is the price of the bond?
2.If the YTM of this bond rose to 7%
2a What would be the price of the bond?
2b What would be its current yield?
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