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Suppose a 10-year, $1,000 bond with a(n)7% coupon rate and semiannual coupons is trading for a price of $1,050.54. a. What is the bond's yield

image text in transcribed Suppose a 10-year, $1,000 bond with a(n)7% coupon rate and semiannual coupons is trading for a price of $1,050.54. 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? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The YTM is \%. (Round to two decimal places.)

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