Question: Suppose a 10-year, $1,000 bond with a 12% coupon rate and semiannual coupons is trading for a price of $1,157.11. a. What is the bond's

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Suppose a 10-year, $1,000 bond with a 12% coupon rate and semiannual coupons is trading for a price of $1,157.11. 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 8% 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.)

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