What is the? bond yield to maturity?

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Suppose a? 10-year, $1,000 bond with an 8.9% coupon rate and? semi-annual coupons is trading for a price of ?$1,034.22.

a. What is the? bond's yield to maturity? (expressed as an APR with? semi-annual compounding)?

b. If the? bond's yield to maturity changes to 9.7% APR, what will the? bond's price? be?

Reference no: EM133068743

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