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Suppose a ten-year, $1 000 bond with an 8.8% coupon rate and semi-annual coupons is trading for a price of $1 035.29. a. What is
Suppose a ten-year, $1 000 bond with an 8.8% coupon rate and semi-annual coupons is trading for a price of $1 035.29. a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? b. If the bond's yield to maturity changes to 9.3% APR, what will the bond's price be? a. The bond's yield to maturity is %. (Enter your response as a percent rounded to two decimal places.) b. The new price for the bond is $ (Round to the nearest cent.)
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