What is the bond yield to maturity

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Question - Suppose a 10-year, $1,000 bond with a 9% coupon rate and semiannual coupons is trading for a price of $1, 187.91.

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: EM133110955

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