A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 10%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices (round to 2 decimal places, as a percentage). Bond Prices Bond Equivalent Annual Yield to Maturity Effective Annual Yield to Maturity $930 ?% ?% $1,000 ?% ?% $1,030 ?% ?%

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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A 20-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 10%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices (round to 2 decimal places, as a percentage).

Bond Prices Bond Equivalent Annual Yield to Maturity Effective Annual Yield to Maturity
$930 ?% ?%
$1,000 ?% ?%
$1,030 ?% ?%

 

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