What is bonds yield to maturity

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Reference no: EM131307822

Suppose a 10?-year, $1,000 bond with a 8% coupon rate and semiannual coupons is trading for a price of $938.04

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 10 % APR, what will the? bond's price? be?

Reference no: EM131307822

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