What is the bond yield to maturity expressed as an APR

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Suppose a ten-year, $ 1000 bond with an 8.1 % coupon rate and semiannual coupons is trading for $ 1035.37

Problem a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?

Problem b. If the bond's yield to maturity changes to 9.4 % APR, what will be the bond's price?

Reference no: EM132956303

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