Suppose a ten-year, $ 1 000 bond with an 8.3 % coupon rate and semiannual coupons is trading for $ 1035.26.
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 9.3 % APR, what will be the bond's price?