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suppose a 10 year 1000 bond with a 7% coupon rate and a semiannual coupon is trading for a price of 1046.35. What is the

suppose a 10 year 1000 bond with a 7% coupon rate and a semiannual coupon is trading for a price of 1046.35. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? 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.)

b. If the bond's yield to maturity changes to 8 % APR, what will the bond's price be?

The price is $ round to the nearest cent

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