What is the bond yield to maturity

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Question - Suppose a ten-year, $1,000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1,035.32.

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

If the bond's yield to maturity changes to 9.3% APR, what will be the bond's price?

Reference no: EM133029540

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