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Suppose a​ ten-year,$1,000 bond with an 8.8%coupon rate and semiannual coupons is trading for$1,035.03. a. What...

Suppose a​ ten-year,$1,000 bond with an 8.8%coupon rate and semiannual coupons is trading for$1,035.03.

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 9.6 % ​APR, what will be the​ bond's price?

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

The​ bond's yield to maturity is____ (Round to two decimal​ places.)

b. If the​ bond's yield to maturity changes to 9.6 % APR, what will be the​ bond's price?The new price for the bond is___​(Round to the nearest​ cent.)

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