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A bond?s market price is $1,200. It has a $1,000 par value,

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Question

A bond?s market price is $1,200. It has a $1,000 par value, will mature in 14 years and has a coupon interest rate of 11% annual interest, but makes its interest payments semiannually.;1. The bond?s yield to maturity if it matures in 14 years is what percent? (Round to two decimal points);2. The bond?s yield to maturity if it matures in 28 years is what percent? (Round to two decimal points);3. The bond?s yield to maturity if it matures in 7 years is what percent? (Round to two decimal points);Additional Requirements;Level of Detail: Only answer needed

 

Paper#29874 | Written in 18-Jul-2015

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