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PLEASE SHOW ALL WORK. NOT EXCEL. Suppose a 10 -year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for $1034.74. a.

PLEASE SHOW ALL WORK. NOT EXCEL. image text in transcribed
Suppose a 10 -year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for $1034.74. 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% APR, what will the bond's price be

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