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Category > Business & Finance Posted 31 May 2017 My Price 11.00

Suppose a seven-year, $1000 bond

Suppose a seven-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading with a yield to maturity of 6.75%.

a. Is this bond currently trading at a discount, at par, or at a premium? Explain.

b. If the yield to maturity of the bond rises to 7.00% (APR with semiannual com- pounding), what price will the bond trade for?

 

 

 

 

 
 
 

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Homework Helper
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Status NEW Posted 31 May 2017 05:05 AM My Price 11.00

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