Suppose a ten-year, $1,000 bond with an 8.6% coupon rate and semiannual coupons is trading for $1,034.91. a. What is t
Posted: Mon Apr 25, 2022 8:34 am
Suppose a ten-year, $1,000 bond with an 8.6% coupon rate
and semiannual coupons is trading for $1,034.91.
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 9.3% APR,
what will be the bond's price?
and semiannual coupons is trading for $1,034.91.
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 9.3% APR,
what will be the bond's price?