Suppose a? ten-year, $ 1,000 bond with an 8.6 % coupon rate and semiannual coupons is trading for $ 1035.31.
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 9.4 % ?APR, what will be the? bond's price?