Suppose a$$ ten$-$year,

$ $1$ comma $000$$$1,000$

bond with an

$8\mathrm{.}8\%8\mathrm{.}8\%$

coupon rate and semiannual coupons is trading for

$ $1$ comma $035\mathrm{.}87$$$1,035\mathrm{.}87.$

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

$9\mathrm{.}1\%9\mathrm{.}1\%$

$$APR$,$ what will be the$$ 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$)?$