Question

In: Finance

Suppose a​ ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for...

Suppose a​ ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $1,035.67.

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 9.7% ​APR, what will be the​ bond's price?

nothing​%. ​ (Round to two decimal​ places.)

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