[Solved] Suppose a ten-year, $1,000 bond with an 8

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Suppose a ten-year, $1,000 bond with an 8.6 % coupon rate and semiannual coupons is trading for $ 1034.73 a. What is the bond's yield

Suppose a ten-year, $1,000 bond with an 8.6 % coupon rate and semiannual coupons is trading for $ 1034.73

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 9.5 % APR, what will be the bond's price?

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