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Suppose a ten-year, $1,000 bond with an 8% coupon rate and semi-annual coupons is trading for $1,034.74 A. What is the bond's yield to maturity(expressed

Suppose a ten-year, $1,000 bond with an 8% coupon rate and semi-annual coupons is trading for $1,034.74 A. What is the bond's yield to maturity(expressed an APR with semi-annual compounding)? B. If the bond's yield to maturity changes to 9% APR, what will be the bond's price? I have the first part.

I just don't know how clean and dirty cash come into play.

Rework the problem above but assume that the bond matures 10 years and 2 months from today instead of 10 years from today. Note: Cash (dirty) price of bond = $1034.74; coupon rate = 8%; semiannual coupons. Use months instead of days. a. What is the clean price of the bond? b. What are the dirty (cash) and clean prices of the bond if the bonds yield to maturity changes to 9% APR? Provide the formula and plug in numbers.

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