What is the bond''s yield to maturity

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Reference no: EM131047263

Suppose a ten-year, $1000 bond with an 8.1% coupon rate and semiannual coupons is trading for $1,034.32.

A. What is the bond's yield to maturity (expressed as an APR with semiannual compounding, round to two decimal places) ?

B. If the bond's yield to maturity changes to 9.5% APR, what will be the bond's price? (round to nearest cent)

Reference no: EM131047263

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