the answer provided was incorrect A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 11%. Find the bondequivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.)a.b.C.$$$BondPricesX Answer is complete but not entirely correct.Bond EquivalentAnnual Yield toMaturity9601,0001,06011.82 X %11.00%9.85%Effective AnnualYield to Maturity12.17 X %11.30 %10.09 x %

The of the bond is the PV of all future coupon and par value discounted at the semiannual YTM. We…

Answered: $ $ $ Bond Prices 960 1,000 1,060 Bond…

$ $ $ Bond Prices 960 1,000 1,060 Bond Equivalent Annual Yield to Maturity 11.82 % 11.00 % 9.85 X % Effective Annual Yield to Maturity 12.17 % 11.30 % 10.09%

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 8MC: Suppose a 10-year, 10% semiannual coupon bond with a par value of 1,000 is currently selling for...

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Question

the answer provided was incorrect

A 15-year maturity bond with par value of $1,000 makes semiannual coupon payments at a coupon rate of 11%. 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.)
a.
b.
C.
$
$
$
Bond
Prices
X Answer is complete but not entirely correct.
Bond Equivalent
Annual Yield to
Maturity
960
1,000
1,060
11.82 X %
11.00
%
9.85%
Effective Annual
Yield to Maturity
12.17 X %
11.30 %
10.09 x %

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