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Suppose a ten-year, $ 1000 bond with an 8.7 % coupon rate and semiannual coupons is trading for $ 1035.56 a. What is the bond's

Suppose a ten-year, $ 1000 bond with an 8.7 % coupon rate and semiannual coupons is trading for $ 1035.56

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 APR, what will be the bond's price?

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