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Suppose a 10 -year, $ 1,000 bond with a 10% coupon rate and semiannual coupons is trading for a price of $ 1,127.31 a. What

Suppose a 10 -year, $ 1,000 bond with a 10% coupon rate and semiannual coupons is trading for a price of

$ 1,127.31

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?

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