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Suppose aten-year, $ 1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $ 1, 034.75 a. What is thebond's yield to

Suppose aten-year, $ 1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $ 1, 034.75

a. What is thebond's yield to maturity(expressed as an APR with semiannualcompounding)?

b. If thebond's yield to maturity changes to 9.2 % APR, what will be thebond's price?

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