in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000...

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in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000...

in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000 and its coupon rate is 6%. in 2017, the yield to maturity on the bond is 2% less than a year ago. what is the price for the bond in 2017?

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Answer 1

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

A В C D 1 In 2016 Bond Par value Coupon rate Coupon frequency Years to maturity Current price of bond Yield to maturity in 20

Cell reference -

A B C D In 2016 Bond Par value Coupon rate Coupon frequency Years to maturity Current price of bond Yield to maturity in 2016

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

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Answer 2

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in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000...

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in 2016, a semiannual coupon bond that matures in 2036 and has a $1000 par value traded at $1070. its par value is $1000...