What will be the bond price

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Suppose a ten-year, $1.000 bond with an 8.4% coupon rate and semiannual coupons is trading for $1, 034.03. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? If the bond's yield to maturity changes to 9.9% APR. what will be the bond's price?

Reference no: EM131628966

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