Question $3,$ Problem $6-11$

HW Score: $75\%,9$ of $12$ points

Part $2$ of $2$

Points: $0$ of $1$

Suppose a $10-$year, $$1,000$ bond with an $8\mathrm{.}2\%$ coupon rate and semi$-$annual coupons is trading for a price of $$1,035\mathrm{.}43.$

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

b$.$ If the bond's yield to maturity changes to $9\mathrm{.}3\%$ APR, what will the bond's price be$?$

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

The bond's yield to maturity is $7\mathrm{.}81\%.($Round to two decimal places.$)$

b$.$ If the bond's yield to maturity changes to $9\mathrm{.}3\%$ APR, what will the bond's price be$?$

The new price for the bond will be $ $($Round to the nearest cent.$)$