c. How to solve for CPN using a financial calculator?

Suppose a ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $1,035.75. 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 9.3% APR, what will be the bond's price? 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 9.3% APR, what will be the bond's price? The new price for the bond is $. (Round to the nearest cent.) To find the bond's yield to maturity, you use the following equation: P=yCPN(1(1+y)n1)+(1+y)nFV where P is the bond's price, CPN is the coupon payment, y is the semiannual rate, FV is the face value, and n is the number of periods. You need to solve for y and multiply it by two to obtain the yield to maturity expressed as an APR with semi-annual compounding