Question: ** Quiz: 12 pts possible Question Help $ Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,034.22

** Quiz: 12 pts possible Question Help $ Suppose a ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,034.22 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 9.9% APR, what will be the bond's price? a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? The band's yield to maturity is % (Round to two decimal places.) b. If the bond's yield to maturity changes to 9.9% APR what will be the bond's price? The new price for the bond is $. (Round to the nearest cont.) Inme Ims. 3011

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