Write down your consecutive estimates in a table


You purchase a coupon-bond whose face value is 100$, and whose coupon rate is 3% paid annually. The bond has a term of 5 years. At time t= 0: (a) Write the equation expressing the bond price in terms of the yield, andgraph this relationship assuming the yield ranges in (-1,infinity). (b) If the price is 102.20 $, use 10 steps of the bisection algorithm to approximate the yield. Write down your consecutive estimates in a table highlighting your final price estimate.

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Financial Management: Write down your consecutive estimates in a table
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