What is the bond yield to maturity

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Suppose a ten-year, $ 1000 bond with an 8.1 % coupon rate and semiannual coupons is trading for $ 1034.99. 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 9.5 % APR, what will be the bond's price? (Round to two decimal places.)

Reference no: EM132014577

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