Suppose a 10?-year, $1,000 bond with a 9 % coupon rate and semiannual coupons is trading for a price of $923.71.
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 8 % ?APR, what will the? bond's price? be?