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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 $1,180.46. The bonds yield to maturity

Suppose a 10-year, $1,000 bond with a 7% coupon rate and semiannual coupons is trading for a price of $1,180.46.

The bonds yield to maturity (expressed as an APR with semiannual compounding is __________%. (Round to two decimal places.)

If the bonds yield to maturity changes to 8% APR, the price of the bond would be $__________. (Round to nearest cent.)

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