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Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a ( n ) 7 % coupon rate and semiannual coupons

Suppose a 10-year, $1,000 bond with a(n)7% coupon rate and semiannual coupons is trading for a price of $1,010.98.
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 8% APR, what will the bond's price be?
a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?
The YTM is %.(Round to two decimal places.)
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