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Suppose a​ ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for...

Suppose a​ ten-year, $1,000 bond with an 8.9% coupon rate and semiannual coupons is trading for $1,035.05.

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 9.4% APR, what will be the​ bond's price?

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