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Suppose a 10 year, $1,000 bond with an 8% coupon rate and semi-annual coupons is trading for a price of $1034.74. a. What is the

Suppose a 10 year, $1,000 bond with an 8% coupon rate and semi-annual coupons is trading for a price of $1034.74.

a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)?

b. If the bond Yield to maturity change to 9% APR, what will the bond's price be?

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