Joseph just bought a bond for $941.32. The bond has a 10-year term, $1,000 face...
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Joseph just bought a bond for $941.32. The bond has a 10-year term, $1,000 face with a 9% coupon rate and semiannual coupons. a. What is yield to maturity (YTM) on this bond? b. What will be the bond's price (per $1,000 of face) it its YTM changes to 10%? a. What is yield to maturity (YTM) on this bond? The YTM is 1%. (Round to two decimal places.) b. What will be the bond's price (per $1,000 of face) it its YTM changes to 10%? The price will be $. (Round to the nearest cent.)
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