Question: Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a coupon rate of 8 % and semiannual coupons is trading

Suppose a 10-year, $1,000 bond with a coupon rate of 8% and semiannual coupons is trading for a price of $973.27.
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%APR, what will the bond's price be?
a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?
The YTM is %.(Round to two decimal places.)
b. If the bond's yield to maturity changes to 9% APR, what will the bond's price be?
The price is $ (Round to the nearest cent.)
 Suppose a 10-year, $1,000 bond with a coupon rate of 8%

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