What is the bonds yield to maturity and if the bonds yield


Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,035.26.

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 9.9% APR, what will be the bond's price?

(round both answers to two decimal places)

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Financial Management: What is the bonds yield to maturity and if the bonds yield
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