Question: How do I solve this question with a financial calculator? - Suppose a ten-year, $1,000 bond with an 8.4% coupon rate and semiannual coupons is

How do I solve this question with a financial calculator? -

Suppose a ten-year, $1,000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1,034.54.

a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?

The bond's yield to maturity is ___%. (Round to two decimal places.)

b. If the bond's yield to maturity changes to 9.7% APR, what will be the bond's price?

The new price for the bond is $___. (Round to the nearest cent.)

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