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Suppose a 1 0 - year, $ 1 , 0 0 0 bond with an 8 . 2 % coupon rate and semi - annual

Suppose a 10-year, $1,000 bond with an 8.2% coupon rate and semi-annual coupons is trading for a price of $1,034.97.
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 9.6% 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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