Suppose a 15-year bond, $1,000 bind with a 7% coupon rate and semi-annual coupons is...
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Accounting
Suppose a 15-year bond, $1,000 bind with a 7% coupon rate and semi-annual coupons is trading for a price of $1,065.96.
Part A
What is the bonds yield to maturity (expressed as an APR with semi-annual compounding?
Part B
What is the effective annual rate?
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