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QUESTION
Suppose a 7 yr, $1,000 bond with a 5.44% coupon rate and semiannual coupons is trading with a yield to maturity of 3.03% If the yield to maturity of...
Suppose a 7 yr, $1,000 bond with a 5.44% coupon rate and semiannual coupons is trading with a yield to maturity of 3.03% If the yield to maturity of the bond rises to 3.66% (APR with a semiannual compounding), at what price will the bond trade?
