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Joseph just bought a bond for $1,036.31. The bond has a 10 -year term, $1,000 face with a 10% coupon rate and semiannual coupons. a.

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Joseph just bought a bond for $1,036.31. The bond has a 10 -year term, $1,000 face with a 10% coupon rate and semiannual coupons. a. What is yield to maturity (YTM) on this bond? b. What will be the bond's price (per $1,000 of face) it its YTM changes to 10% ? a. What is yield to maturity (YTM) on this bond? The YTM is \%. (Round to two decimal places.) b. What will be the bond's price (per $1,000 of face) it its YTM changes to 10% ? The price will be $ (Round to the nearest cent)

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