Question: Hi I'am also stuck on this problem too can you help me with it Suppose a ten-year, $1,000bond with an 8.5% coupon rate and semiannual

Hi I'am also stuck on this problem too can you help me with it

Suppose a ten-year, $1,000bond with an 8.5%

coupon rate and semiannual coupons is trading for $1,034.75.

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

9.5%

APR, what will be the bond's price?

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