Question: Suppose a 1 0 - year, $ 1 , 0 0 0 bond with a coupon rate of 8 . 9 % and semiannual coupons

Suppose a 10-year, $1,000 bond with a coupon rate of 8.9% and semiannual coupons is trading for $1,034.23.
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 9.6%APR, what will be the bond's price?

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