Suppose a? ten-year, $1,000bond with an 8.2% coupon rate and semiannual coupons is trading for $1,035.01.
a. What is the? bond's yield to maturity? (expressed as an APR with semiannual? compounding)?
The? bond's yield to maturity is _____?%. (Round to two decimal? places.)
b. If the? bond's yield to maturity changes to 9.9% ?APR, what will be the? bond's price?The new price for the bond is ?$___________.
?(Round to the nearest? cent.)