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Suppose a​ 10-year, $1,000 bond with an 8.8% coupon rate and​ semi-annual coupons is trading for...

Suppose a​ 10-year, $1,000 bond with an 8.8% coupon rate and​ semi-annual coupons is trading for a price of ​$1,035.81.

a. What is the​ bond's yield to maturity​ (expressed as an APR with​ semi-annual compounding)?

b. If the​ bond's yield to maturity changes to 9.1% ​APR, what will the​ bond's price​ be?

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