First, you have to do problem 4-9 using a financial calculator
A 20 year bond with a 20000 par value pays semi-annual coupons of 500 and is redeemable at par. Audrey purchases the bond for 21,000. Calculate Audrey’s semi-annual yield to maturity on the bond. A 10 year bond with a par value of 1000 is redeemable at par and pays annual coupons of 65. ................
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