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Find the bond equivalent and effective annual yield

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Reference no: EM133022958

Question - A 15-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%.

a. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $940. 

b. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,000.

c. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,050.

Reference no: EM133022958

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