What is the bond yield to maturity

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Suppose a 10 -year, $ 1,000 bond with a 8% coupon rate and semiannual coupons is trading for a price of $1,182.04.

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 9% APR, what will the bond's price be?

(Round to two decimal places.)

Reference no: EM131969999

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