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Suppose a 10-year, $1,000 bond with a coupon rate of 8.4% and semiannual coupons is trading for $1,035.17. a. What is the bond's yield

Suppose a 10-year, $1,000 bond with a coupon rate of 8.4% and semiannual coupons is trading for $1,035.17. 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 9.2% APR, what will be the bond's price? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The bond's yield to maturity is 7.88 %. (Round to two decimal places.) b. If the bond's yield to maturity changes to 9.2% APR, what will be the bond's price? The new price for the blond is $ (Round to the nearest cent.)

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