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A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a...

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Finance

A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 8%. 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 Prices Bond Equivalent Annual Yield to Maturity Effective Annual
Yield to Maturity
a. $ 950 % %
b. $ 1,000 % %
c. $ 1,050 % %

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A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 8%. 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 Equivalent Annual Yield to Maturity Effective Annual Yield to Maturity % a. % Bond Prices $ 950 $1,000 $ 1,050 b. % % c. %

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