Question: PLEASE ANSWER Suppose a ten-year, $1,000 bond with an 8.5% coupon rate and semiannual coupons is trading for $1,034.86. a. What is the bond's yield

PLEASE ANSWER Suppose a ten-year, $1,000 bond with an 8.5% coupon rate PLEASE ANSWER

Suppose a ten-year, $1,000 bond with an 8.5% coupon rate and semiannual coupons is trading for $1,034.86. 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 9.6% APR, what will be the bond's price

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