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Suppose a 10?-year, $ 1,000 bond with a 10 % coupon rate and semiannual coupons is...

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Finance

Suppose a 10?-year, $ 1,000 bond with a 10 % coupon rate andsemiannual coupons is trading for a price of $906.44

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

b. If the? bond's yield to maturity changes to8 %?APR, what willthe? bond's price? be?

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Suppose a 10?-year, $ 1,000 bond with a 10 % coupon rate andsemiannual coupons is trading for a price of $906.44.a. What is the? bond's yield to maturity? (expressed as an APRwith semiannual? compounding)?b. If the? bond's yield to maturity changes to8 %?APR, what willthe? bond's price? be?

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