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Suppose a ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $1.034.94. a. What is the bond's yield to maturity

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Suppose a ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $1.034.94. 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 9.6% APR what will be the bond's price? a. What is the band'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 9.6% APR, what will be the band's price? The new price for the bond is $(Round to the nearest cent.)

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