Question: Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a coupon rate of 8 . 4 % and semiannual coupons

Suppose a 10-year, $1,000 bond with a coupon rate of 8.4% and semiannual coupons is trading for $1,034.75. 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 9.2%APR, what will be the bond's price? Question content area bottom Part 1 a. What is the bond's yield to maturity(expressed as an APR with semiannual compounding)? The bond's yield to maturity is enter your response here%.(Round to two decimal places.)
Part 2
b. If the bond's yield to maturity changes to
9.2%9.2%
APR, what will be the bond's price?
The new price for the bond is
$enter your response here.
(Round to the nearest cent.)

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