10. The yield to maturity of a $1000 bond with a 7% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What must its price be? 11 Neemma tha wa Tu. 17. Suppose a seven-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading with a yield to maturity of 6.75%. 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 7.00% (APR with semiannual com- pounding), what price will the bond trade for? Consider the following bonds for Problems 23 and 24: Bond Coupon Rate (annual payments) A 0% B 0% C 4% D 8% Maturity (years) 15 10 15 10 23. What is the percentage change in the price of each bond if its yield to maturity falls from 6% to 5%