Find the bond equivalent and effective annual yield

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Reference no: EM131914925

A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 5%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices.

(Round your answers to 2 decimal places. Omit the "%" sign in your response.)

	Bond		Bond Equivalent Annual	Effective Annual
	Prices		Yield to Maturity	Yield to Maturity
a.	$	960	%	%
b.	$	1,000	%	%
c.	$	1,060	%	%

Reference no: EM131914925

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