A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 8.8349%. What is the bond's price? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the bond's YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answers to two decimal places.

TABLE 7.1 Calculation of Current Yields, Capital Gains Yields, and Total Returns for 7%, 10%, and 13% Coupon Bonds When the Market Rate Remains Constant at 10% 7% Coupon Bond 10% Coupon Bond 13% Coupon Bond Number of Years Until Maturity Expected Current Yield Expected Capital Gains Yield Expected Total Return Expected Current Yield Expected Capital Gains Yield Expected Total Return Expected Current Yield Expected Capital Gains Yield Expected Total Return Price Price Price 0.0% 0.9% 1.0 1.1 10.0% 10.0 -0.6% -0.6 9.1% 9.0 8.9 8.8 8.7 0.0 10.0% 10.0 10.0 10.0 10.0 0.0 -0.7 10.0% 10.0 10.0 10.0 10.0 10.0 -0.8 10.0 10.0 -0.9 8.6 10.0% 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 -1.0 10.0 10.0 10.0 -1.1 8.3 10.0 $ 771.82 779.00 786.90 795.59 805.15 815.66 827.23 839.95 853.95 869.34 886.28 904.90 925.39 947.93 972.73 1,000.00 $1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 0.0 10.0 10.0 10.0 10.0 10.0 $1,228.18 1,221.00 1,213.10 1,204.41 1,194.85 1,184.34 1,172.77 1,160.05 1,146.05 1,130.66 1,113.72 1,095.10 1,074.61 1,052.07 1,027.27 1,000.00 10.6% 10.6 10.7 10.8 10.9 11.0 11.1 11.2 11.3 11.5 11.7 11.9 12.1 12.4 12.7 -1.2 8.2 -1.3 -1.5 0.0 10.0 10.0 10.0 10.0 10.0 10.0 -17 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 7.7 10.0 0.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 7.2 0.0 -2.7