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Suppose a ten year, $1,000 bond with an 8.4 % coupon rate and semiannual coupons is trading for $1034.66. a. What is the bond's yield

Suppose a ten year, $1,000 bond with an 8.4 % coupon rate and semiannual coupons is trading for $1034.66.

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 9.7% APR, what will be the bond's price.

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