Suppose a

10-year,

$1,000

bond with a

8%

coupon rate and semiannual coupons is trading for a price of

$1,179.37.

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

10%

APR, what will the bond's price be?

Question content area bottom

Part 1

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

The YTM is

enter your response here%.

(Round to two decimal places.)

PLEASE ANSWER PART A AND PART B.