What is the? bond yield to maturity?

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Reference no: EM132671441

Suppose a 10?-year, $1,000 bond with a 9% coupon rate and semiannual coupons is trading for a price of $991.43.

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?

Reference no: EM132671441

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