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Answer is not 1 7 5 2 . 5 8 Part 1 Suppose a 1 0 - year, $ 1 , 0 0 0 bond

Answer is not 1752.58
Part 1
Suppose a 10-year, $1,000 bond with a coupon rate of 8.5% and semiannual coupons is trading for $1,035.32.
a. What is the bond's yield to maturity(expressed as an APR with semiannual compounding)?
b. If the bond's yield to maturity changes to 9.7%APR, what will be the bond's price?
Part 1
a. What is the bond's yield to maturity(expressed as an APR with semiannual compounding)?
The bond's yield to maturity is (Round to two decimal places.)
b) If the bond's yield to maturity changes to 9.7%APR, what will be the bond's price?

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