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Suppose a​ ten-year, $ 1 comma 000$1,000 bond with an 8.6 %8.6% coupon rate and semiannual...

Suppose a​ ten-year,

$ 1 comma 000$1,000

bond with an

8.6 %8.6%

coupon rate and semiannual coupons is trading for

$ 1 comma 035.67$1,035.67.

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

9.8 %9.8%

​APR, what will be the​ bond's price?

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