Question: Do not use excel to answer this question 12. Suppose a 10-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for

Do not use excel to answer this question 12. Suppose a

Do not use excel to answer this question

12. Suppose a 10-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for a price of $1034.74. (a) What is the bond's yield to maturity (expressed as an APR)? (b) If the bond's yield to maturity changes to 9% APR, what will the bond's price be

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