Question: Suppose a 1 0 - year, $ 1 comma 0 0 0 bond with an 8 . 0 % coupon rate and semi - annual

Suppose a10-year, $ 1 comma 000 bond with an 8.0% coupon rate and semi-annual coupons is trading for a price of $1 comma 034.74.
a. What is the bond's yield to maturity(expressed as an APR with semi-annual compounding)?
b. If the bond's yield to maturity changes to 9.0%APR, what will the bond's price be?
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Part 1
a. What is the bond's yield to maturity(expressed as an APR with semi-annual compounding)?
The bond's yield to maturity is
enter your response here%.(Round to two decimal places.)

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