Explain what effect a decrease in the offered sales price

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Compute the price of a 3.8 percent coupon bond with 18 years left to maturity and a market interest rate of 6.8 percent"

Assume interest payments are paid semi-annually, and solve using semi-annual compounding.

Explain what effect a decrease in the offered sales price would have on the yield to maturity.

Reference no: EM13939349

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