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Suppose a ten-year, $1000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1035.37. a. What is the bond's yield to maturity

Suppose a ten-year, $1000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1035.37.

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 9.1% APR, what will be the bond's price?

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