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Suppose a 10 -year, $1,000 bond with a coupon rate of 8.6% and semiannual coupons is trading for $1,034.33. a. What is the bond's yield

image text in transcribed Suppose a 10 -year, $1,000 bond with a coupon rate of 8.6% and semiannual coupons is trading for $1,034.33. 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 9.3% APR, what will be the bond's price

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