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Suppose a ten - year, $ 1 , 0 0 0 bond with an 8 . 1 % coupon rate and semiannual coupons is trading

Suppose a ten-year, $1,000 bond with an 8.1% coupon rate and semiannual coupons is trading for $1,035.18.
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 9.4% 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 7.59%.(Round to two decimal places.)
b. If the bond's yield to maturity changes to 9.4% APR, what will be the bond's price?
The new price for the bond is $
(Round to the nearest cent.)
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