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Suppose a 10-year, $1,000 bond with a 7% coupon rate and semiannual coupons is trading for a price of $972.88. a. What is the bond's

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Suppose a 10-year, $1,000 bond with a 7% coupon rate and semiannual coupons is trading for a price of $972.88. 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% 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 LP. (Round to two decimal places.) b. If the bond's yield to maturity changes to 9% APR. What will the bond's price be? The price is s (Round to the nearest cent)

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