Suppose a ten-year, $1,000 bond with an 8.1% coupon rate and semiannual coupons is trading for $1,035.51. a. What is th
Posted: Thu May 19, 2022 5:32 am
Suppose a ten-year, $1,000 bond with an 8.1% coupon rate
and semiannual coupons is trading for $1,035.51.
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 9.9% APR,
what will be the bond's price?
and semiannual coupons is trading for $1,035.51.
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 9.9% APR,
what will be the bond's price?