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Score: 0 of 1 pt 7 of 15 (13 complete) HW Score: 63.33%, 9.5 of 15 pts Problem 6-11 Question Help Suppose a 10-year, $1,000

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Score: 0 of 1 pt 7 of 15 (13 complete) HW Score: 63.33%, 9.5 of 15 pts Problem 6-11 Question Help Suppose a 10-year, $1,000 bond with an 8.7% coupon rate and semi-annual coupons is trading for a price of $1,034.63. a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? b. If the bond's yield to maturity changes to 9.4% APR, what will the bond's price be? a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? The bond's yield to maturity is %. (Round to two decimal places.)

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