Question: Suppose a ten - year, $ 1 , 0 0 0 bond with an 8 . 7 % coupon rate and semiannual coupons is trading

Suppose a ten-year, $ 1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $ 1,035.93.
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 9.7%APR, what will be the bond's price?

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