What is market price of face value bond if yield to maturity

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Problem 1: Rapid River, Inc., has a 7.5% coupon bond that matures in 9 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 6.8%?

Problem 2: If the equivalent annual rate is 8.2432%, what is the nominal rate if it's compounded quarterly?

Reference no: EM132969603

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