Question: Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a ( n ) 1 0 % coupon rate and semiannual

Suppose a 10-year, $1,000 bond with a(n)10% coupon rate and semiannual coupons is trading for a price of $952.95.
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.)
 Suppose a 10-year, $1,000 bond with a(n)10% coupon rate and semiannual

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