What is the bonds yield to maturity expressed as an apr


Suppose a 10 -year, $ 1,000 bond with a 8% coupon rate and semiannual coupons is trading for a price of $1,182.04.

a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?

b. If the bond's yield to maturity changes to 9% APR, what will the bond's price be?

(Round to two decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the bonds yield to maturity expressed as an apr
Reference No:- TGS02764468

Expected delivery within 24 Hours