Suppose a? ten-year, $1,000 bond with an 8.7% coupon rate and semiannual coupons is trading for $1,034.07.
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?