Suppose a

10-year,

$1,000

bond with a(n)

9%

coupon rate and semiannual coupons is trading for a price of

$1,144.24.

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.)

Part 2

b. If the bond's yield to maturity changes to

10%

APR, what will the bond's price be?

The price is

$enter your response here.