What is the bond yield to maturity

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Reference no: EM132455280

Problem - Suppose a 10 year, $1000 bond with a 10% coupon rate and a semiannual coupon is trading for price of 1028.11

Required -

1. What is the bond's yield to maturity?

2. If the bond's yield to maturity changes to 10%, what is the price of the bond?

Reference no: EM132455280

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