Suppose a 10 year 1000 bond with a 10 coupon rate and


Suppose a 10 year, 1000 bond with a 10% coupon rate and semi-annual coupons is trading for a price of 1,032.44

a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)

b. If the bonds yield to maturity changes to 10% APR, what will the bonds price be? ?

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Financial Management: Suppose a 10 year 1000 bond with a 10 coupon rate and
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