Find the bond equivalent and effective annual yield to


A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 5%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. 

(Round your answers to 2 decimal places. Omit the "%" sign in your response.)


Bond   Bond Equivalent Annual          Effective Annual

Prices   Yield to Maturity           Yield to Maturity
  a. $ 960   %     %  
  b. $ 1,000 %     %
  c. $ 1,060 %     %  

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Financial Management: Find the bond equivalent and effective annual yield to
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