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Assume that all bonds pay semiannual coupons and have par values of $1,000 unless otherwise stated. All work must be shown. The values entered for

Assume that all bonds pay semiannual coupons and have par values of $1,000 unless otherwise stated. All work must be shown. The values entered for the menu from the calculator BOND MODE is considered valid work only when finding the YTM of a bond on a date in which accrued interest is zero

A bond with exactly eight years left until maturity has a coupon of 5.0 and a YTM of 3.70%. Its current price quote is 108.931. 3 pts a. What is the percentage change in the bonds price if the YTM rises to 4.0%? b. What is the percentage change in the bonds price if the YTM falls to 3.2%?

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