Suppose a ten-year, $1,000 bond with an 8.8 % coupon rate and semiannual coupons is trading for $1,035.84.
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 9.2 %
a. YTM = 4.13316%... View the full answer