What is the bonds yield to maturity if the bond is selling

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Reference no: EM131044216

A 15-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 6%.

(a) What is the bond’s yield to maturity if the bond is selling for $1,110? Round your answer to 3 decimal places

(b) What is the bond’s yield to maturity if the bond is selling for $1,000? Do not round intermediate calculations

Reference no: EM131044216

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