What is the? bond yield to maturity

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Reference no: EM131911075

Suppose a? ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $1,034.07.

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 9.6% ?APR, what will be the? bond's price?

Reference no: EM131911075

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