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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 $1,034.03.
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 9.3% 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 .(Round to two decimal places.)
b. If the bond's yield to maturity, changes to 9.3% APR, what will be the bond's price?
The new price for the bond is $.(Round to the nearest cent.)
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