Suppose a 10-year, $ 1,000 bond with a 10% coupon rate and semiannual coupons is trading for a price of $1,177.98. 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 8 %8% APR, what will the bond's price be?
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