What is the bonds yield to maturity expressed as an apr


Suppose a ten-year, $ 1000 bond with an 8.5 % coupon rate and semiannual coupons is trading for $ 1035.41.

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 9.1 % APR, what will be the bond's price?

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Financial Management: What is the bonds yield to maturity expressed as an apr
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