Answered

A 25-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 $960.

Answer :

jafransp

Answer:

The bond equivalent YTM = 8.36%

Effective annual YTM = 8.53%

Explanation:

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