Suppose a ten-year, $1,000 bond with an 8.2% coupon rate and semiannual coupons are trading for $1,035.33.
a. What is the bond's yield to maturity? (expressed as an APR with semiannual compounding) (Two decimal places)
b. If the bond's yield to maturity changes to 9.9% APR, what will be the bond's price?