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Suppose a 10-year, $1,000 bond with an 8.4% coupon rate and semi-annual coupons is trading...

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Suppose a 10-year, $1,000 bond with an 8.4% coupon rate and semi-annual coupons is trading for a price of $1,035.67 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 9.2% APR what will the bond's price be? a. What is the bond's yield to maturity (expressed as an APR with semi-annual compounding)? The bond's yield to maturity is %. (Round to two decimal places.) b. If the bond's yield to maturity changes to 9.2% APR. what will the bond's price be? The new price for the bond will be $1(Round to the nearest cent.)

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