Suppose a? ten-year,$1,000 bond with an 8.6 % coupon rate and semiannual coupons is trading for 1,034.73.
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 9.5 %APR, what will be the? bond's price?
a. What is the? bond's yield to maturity? (expressed as an APR with semiannual? compounding)?