Suppose a ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons is trading for $1,035.08.
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 9.5% APR, what will be the bond's price?
a)
b)
Get Answers For Free
Most questions answered within 1 hours.