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Suppose a ten-year, $1000 bond with an 8.7% coupon rate and semi-annual coupons is trading for a price of $1 034.59. a.What is the bond's

Suppose a ten-year, $1000 bond with an 8.7% coupon rate and semi-annual coupons is trading for a price of $1 034.59.

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?

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