What is the? bond''s yield to maturity

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Reference no: EM131332898

Suppose a? ten-year,

$1,000

bond with an

8.5%

coupon rate and semiannual coupons is trading for

$1,034.99.

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 9.7% ?APR, what will be the? bond's price?

Reference no: EM131332898

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