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Business, 30.07.2020 04:01 evsdcp44b3w

Suppose a seven-year, $ 1 comma 000$1,000 bond with aa 7.7 %7.7% coupon rate and semiannual coupons is trading with a yield to maturity of 6.45 %6.45%. a. Is this bond currently trading at a discount, at par, or at a premium? Explain. b. If the yield to maturity of the bond rises to 7.36 %7.36% (APR with semiannual compounding), what price will the bond trade for?

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Suppose a seven-year, $ 1 comma 000$1,000 bond with aa 7.7 %7.7% coupon rate and semiannual coupons...
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